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.
MarketClub’s Trade Triangles for PENARS
The long term trend has been UP since Dec 21st, 2017 at 5.4824
The intermediate term trend has been DOWN since Sep 24th, 2018 at 11.0660
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).