Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
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 DOWN since Jun 12th, 2017 at 0.406345
The intermediate term trend has been UP since Oct 2nd, 2017 at 0.383405
The short term trend has been UP since Oct 16th, 2017 at 0.385075
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).