Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 Nov 7th, 2018 at 0.258110
The short term trend has been DOWN since Nov 14th, 2018 at 0.261845
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).