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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.

FOREX_PENCLP
Open High Low PENCLP Price Change
202.47 202.47 202.47 202.47 0.00
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term up The long term trend has been UP since Jan 2nd, 2019 at 206.900

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2019 at 204.595

short term down 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).

-60
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
202.47 202.47 202.47 202.47 0.00
Prev. Close Volume Bid Ask Time
202.47 198.78 206.16 2019-01-16 20:59:43
Want to analyze Peruvian Nuevo Sol/Chilean Peso PENCLP or another symbol? Try our Free Forex Trend Analysis Report.