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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
7.36280 7.42570 7.35625 7.42020 +0.05740
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long term trend has been UP since Dec 21st, 2017 at 5.48240

intermediate term up The intermediate term trend has been UP since Dec 20th, 2017 at 5.42800

short term down The short term trend has been DOWN since May 21st, 2018 at 7.40125

Smart Scan Analysis for PENARS

Based on a pre-defined weighted trend formula for chart analysis, PENARS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.36280 7.42570 7.35625 7.42020 +0.05740
Prev. Close Volume Bid Ask Time
7.36280 7.41900 7.42140 2018-05-23 06:27:37
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