Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 14th, 2018 at 890.78
The intermediate term trend has been DOWN since Dec 6th, 2018 at 934.34
The short term trend has been UP since Dec 11th, 2018 at 947.24
Smart Scan Analysis for PENCOP
Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).