Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Mar 14th, 2018 at 1.00500
The short term trend has been UP since Apr 23rd, 2018 at 1.06060
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).