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.
MarketClub’s Trade Triangles for PENMXN
The long term trend has been DOWN since Aug 6th, 2018 at 5.65900
The intermediate term trend has been UP since Aug 12th, 2018 at 5.86785
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).