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Forex Trend Analysis Report

Prepared for you on Sunday, January 21, 2018.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.000595 1.000760 0.993570 0.993570 -0.007025
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long term trend has been UP since Nov 14th, 2017 at 1.020650

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.997295

short term down The short term trend has been DOWN since Jan 19th, 2018 at 0.997455

Smart Scan Analysis for PENBRL

Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.000595 1.000760 0.993570 0.993570 -0.007025
Prev. Close Volume Bid Ask Time
0.997980 0.992550 0.994590 2018-01-19 16:32:33
Want to analyze Peruvian Nuevo Sol/Brazilian Real PENBRL or another symbol? Try our Free Forex Trend Analysis Report.