Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 PENCOP
The long term trend has been UP since Jun 14th, 2018 at 890.780
The intermediate term trend has been UP since Oct 10th, 2018 at 921.050
The short term trend has been DOWN since Oct 17th, 2018 at 924.775
Smart Scan Analysis for PENCOP
Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).