Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 UP since May 1st, 2018 at 187.110
The intermediate term trend has been UP since Aug 19th, 2018 at 200.395
The short term trend has been DOWN since Sep 16th, 2018 at 206.560
Smart Scan Analysis for PENCLP
Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).