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.
MarketClub’s Trade Triangles for PENGBP
The long term trend has been DOWN since Oct 10th, 2018 at 0.227915
The intermediate term trend has been DOWN since Oct 10th, 2018 at 0.227915
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).