Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PENARS
The long term trend has been DOWN since Nov 2nd, 2017 at 5.22035
The intermediate term trend has been DOWN since Nov 2nd, 2017 at 5.31280
The short term trend has been UP since Dec 12th, 2017 at 5.35755
Smart Scan Analysis for PENARS
Based on a pre-defined weighted trend formula for chart analysis, PENARS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).