Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
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 Nov 29th, 2017 at 0.398485
The intermediate term trend has been UP since Dec 14th, 2017 at 0.400935
The short term trend has been DOWN since Dec 14th, 2017 at 0.395935
Smart Scan Analysis for PENCAD
Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).