Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
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.
MarketClub’s Trade Triangles for PENBRL
The long term trend has been DOWN since Sep 6th, 2017 at 0.95755
The intermediate term trend has been DOWN since Sep 5th, 2017 at 0.96488
The short term trend has been DOWN since Sep 18th, 2017 at 0.95911
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).