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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
11.2580 11.3840 11.0510 11.3075 +0.0495
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long term trend has been UP since Dec 21st, 2017 at 5.4824

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 11.0660

short term down The short term trend has been DOWN since Sep 19th, 2018 at 11.8915

Smart Scan Analysis for PENARS

Based on a pre-defined weighted trend formula for chart analysis, PENARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.2580 11.3840 11.0510 11.3075 +0.0495
Prev. Close Volume Bid Ask Time
11.2580 11.2870 11.3280 2018-09-24 18:54:39
Want to analyze Peruvian Nuevo Sol/Argentine Peso PENARS or another symbol? Try our Free Forex Trend Analysis Report.