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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_PENMXN
Open High Low PENMXN Price Change
5.73190 5.78025 5.69375 5.69955 -0.03235
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term down The long term trend has been DOWN since Aug 6th, 2018 at 5.65900

intermediate term up The intermediate term trend has been UP since Aug 12th, 2018 at 5.86785

short term down The short term trend has been DOWN since Aug 15th, 2018 at 5.71610

Smart Scan Analysis for PENMXN

Based on a pre-defined weighted trend formula for chart analysis, PENMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.73190 5.78025 5.69375 5.69955 -0.03235
Prev. Close Volume Bid Ask Time
5.73190 5.69630 5.70280 2018-08-17 18:30:19
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.