Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, November 24, 2017.

Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_PENCLP
Open High Low PENCLP Price Change
195.40 195.40 195.40 195.40 0.00
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term down The long term trend has been DOWN since Aug 18th, 2017 at 203.120

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2017 at 195.050

short term up The short term trend has been UP since Sep 28th, 2017 at 193.045

Smart Scan Analysis for PENCLP

Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
195.40 195.40 195.40 195.40 0.00
Prev. Close Volume Bid Ask Time
195.78 191.73 199.07 2017-11-20 21:28:28
Want to analyze Peruvian Nuevo Sol/Chilean Peso PENCLP or another symbol? Try our Free Forex Trend Analysis Report.