Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 PENCAD
The long term trend has been UP since Nov 29th, 2017 at 0.398485
The intermediate term trend has been DOWN since Apr 9th, 2018 at 0.394400
The short term trend has been DOWN since May 21st, 2018 at 0.389895
Smart Scan Analysis for PENCAD
Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).