Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 PENCAD
The long term trend has been UP since Dec 17th, 2018 at 0.400495
The intermediate term trend has been DOWN since Jan 6th, 2019 at 0.397910
The short term trend has been UP since Jan 15th, 2019 at 0.397765
Smart Scan Analysis for PENCAD
Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).