Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for PENCOP
The long term trend has been UP since Nov 14th, 2016 at 925.585
The intermediate term trend has been DOWN since Jul 20th, 2017 at 919.030
The short term trend has been DOWN since Aug 18th, 2017 at 911.140
Smart Scan Analysis for PENCOP
Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).