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Forex Trend Analysis Report

Prepared for you on Sunday, October 21, 2018.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_PENGBP
Open High Low PENGBP Price Change
0.229750 0.230230 0.229655 0.229700 -0.000050
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term down The long term trend has been DOWN since Oct 10th, 2018 at 0.227915

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 0.227915

short term up The short term trend has been UP since Oct 18th, 2018 at 0.229070

Smart Scan Analysis for PENGBP

Based on a pre-defined weighted trend formula for chart analysis, PENGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.229750 0.230230 0.229655 0.229700 -0.000050
Prev. Close Volume Bid Ask Time
0.229750 0.229610 0.229790 2018-10-21 16:47:44
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