Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PENCOP
The long term trend has been DOWN since Nov 6th, 2017 at 882.605
The intermediate term trend has been DOWN since Mar 2nd, 2018 at 869.500
The short term trend has been DOWN since Mar 13th, 2018 at 876.590
Smart Scan Analysis for PENCOP
Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).