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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.

FOREX_PENARS
Open High Low PENARS Price Change
5.36860 5.42800 5.34105 5.34425 -0.02435
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term down The long term trend has been DOWN since Nov 2nd, 2017 at 5.22035

intermediate term down The intermediate term trend has been DOWN since Nov 2nd, 2017 at 5.31280

short term up 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).

-75
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.36860 5.42800 5.34105 5.34425 -0.02435
Prev. Close Volume Bid Ask Time
5.36860 5.34310 5.34540 2017-12-15 16:15:44
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