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.
MarketClub’s Trade Triangles for PENCLP
The long term trend has been DOWN since Aug 18th, 2017 at 203.120
The intermediate term trend has been DOWN since Oct 9th, 2017 at 195.050
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).