Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 8th, 2018 at 1.12645
The intermediate term trend has been UP since Nov 13th, 2018 at 1.12315
The short term trend has been DOWN since Nov 16th, 2018 at 1.11305
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).