Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
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.
MarketClub’s Trade Triangles for PENEUR
The long term trend has been UP since May 1st, 2018 at 0.256070
The intermediate term trend has been UP since Mar 27th, 2018 at 0.250835
The short term trend has been DOWN since May 22nd, 2018 at 0.257880
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).