Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 21st, 2018 at 0.231995
The intermediate term trend has been UP since Jun 21st, 2018 at 0.231995
The short term trend has been DOWN since Aug 15th, 2018 at 0.237455
Smart Scan Analysis for PENGBP
Based on a pre-defined weighted trend formula for chart analysis, PENGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).