Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
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 positive trend to resume. Uptrend 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 UP since May 1st, 2018 at 187.110
The intermediate term trend has been UP since May 1st, 2018 at 185.270
The short term trend has been UP since May 1st, 2018 at 186.915
Smart Scan Analysis for PENCLP
Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).