Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PENEUR
The long term trend has been DOWN since Sep 11th, 2018 at 0.257975
The intermediate term trend has been DOWN since Aug 27th, 2018 at 0.260670
The short term trend has been DOWN since Sep 20th, 2018 at 0.257800
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).