Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 Apr 25th, 2018 at 871.850
The short term trend has been DOWN since Jun 15th, 2018 at 869.125
Smart Scan Analysis for PENCOP
Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).