Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 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 DOWN since Oct 1st, 2018 at 0.38910
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 0.38741
The short term trend has been DOWN since Nov 15th, 2018 at 0.39082
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).