Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since May 4th, 2017 at 0.281440
The intermediate term trend has been UP since Jun 20th, 2017 at 0.273385
The short term trend has been UP since Jun 20th, 2017 at 0.273090
Smart Scan Analysis for PENEUR
Based on a pre-defined weighted trend formula for chart analysis, PENEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).