Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 PENCLP
The long term trend has been UP since Jan 2nd, 2019 at 206.900
The intermediate term trend has been DOWN since Jan 7th, 2019 at 204.595
The short term trend has been DOWN since Jan 7th, 2019 at 205.350
Smart Scan Analysis for PENCLP
Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).