Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 PENCAD
The long term trend has been UP since Jun 20th, 2018 at 0.405555
The intermediate term trend has been UP since Jun 20th, 2018 at 0.405555
The short term trend has been UP since Jul 10th, 2018 at 0.400350
Smart Scan Analysis for PENCAD
Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).