Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
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 PENEUR
The long term trend has been UP since May 1st, 2018 at 0.25607
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.25862
The short term trend has been UP since Jul 18th, 2018 at 0.26300
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).