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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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
8.38420 8.38710 8.32890 8.36765 -0.01655
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 up The short term trend has been UP since Jul 16th, 2018 at 8.37325

Smart Scan Analysis for PENARS

Based on a pre-defined weighted trend formula for chart analysis, PENARS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.38420 8.38710 8.32890 8.36765 -0.01655
Prev. Close Volume Bid Ask Time
8.38420 8.36650 8.36880 2018-07-16 18:00:43
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