Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PENGBP
The long term trend has been UP since May 1st, 2018 at 0.225395
The intermediate term trend has been UP since Apr 20th, 2018 at 0.221570
The short term trend has been UP since May 21st, 2018 at 0.227375
Smart Scan Analysis for PENGBP
Based on a pre-defined weighted trend formula for chart analysis, PENGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).