Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 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 Mar 14th, 2018 at 1.00500
The short term trend has been DOWN since Jul 17th, 2018 at 1.17405
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).