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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.

FOREX_PENCOP
Open High Low PENCOP Price Change
924.635 927.565 923.380 923.620 -1.015
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term up The long term trend has been UP since Jun 14th, 2018 at 890.780

intermediate term up The intermediate term trend has been UP since Oct 10th, 2018 at 921.050

short term down 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).

+75
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
924.635 927.565 923.380 923.620 -1.015
Prev. Close Volume Bid Ask Time
924.635 923.090 924.150 2018-10-19 14:43:09
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