Forex Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 Nov 14th, 2016 at 0.27345
The intermediate term trend has been DOWN since Apr 24th, 2017 at 0.28594
The short term trend has been DOWN since Apr 13th, 2017 at 0.28943
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).