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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.

FOREX_PENCAD
Open High Low PENCAD Price Change
0.390005 0.390185 0.388250 0.388535 -0.001470
Entry Signal

MarketClub’s Trade Triangles for PENCAD

long term up The long term trend has been UP since Nov 29th, 2017 at 0.398485

intermediate term down The intermediate term trend has been DOWN since Apr 9th, 2018 at 0.394400

short term down 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).

-70
Smart Scan Analysis for PENCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.390005 0.390185 0.388250 0.388535 -0.001470
Prev. Close Volume Bid Ask Time
0.390005 0.388510 0.388560 2018-05-22 06:01:57
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