Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
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 PENCAD
The long term trend has been UP since Jun 20th, 2018 at 0.405555
The intermediate term trend has been DOWN since Jul 26th, 2018 at 0.397770
The short term trend has been UP since Sep 24th, 2018 at 0.393045
Smart Scan Analysis for PENCAD
Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).