Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
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 PENGBP
The long term trend has been UP since Dec 10th, 2018 at 0.236545
The intermediate term trend has been DOWN since Dec 31st, 2018 at 0.232580
The short term trend has been DOWN since Jan 17th, 2019 at 0.231330
Smart Scan Analysis for PENGBP
Based on a pre-defined weighted trend formula for chart analysis, PENGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).