Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Nov 14th, 2017 at 1.02065
The intermediate term trend has been UP since Aug 13th, 2018 at 1.18135
The short term trend has been DOWN since Sep 20th, 2018 at 1.24065
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).