Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 May 4th, 2017 at 0.281440
The intermediate term trend has been DOWN since Jun 27th, 2017 at 0.272245
The short term trend has been UP since Aug 15th, 2017 at 0.262965
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).