Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 1st, 2018 at 187.110
The intermediate term trend has been DOWN since Nov 9th, 2018 at 202.000
The short term trend has been UP since Nov 12th, 2018 at 202.275
Smart Scan Analysis for PENCLP
Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).