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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2018.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_PENMXN
Open High Low PENMXN Price Change
5.73195 5.74035 5.69975 5.70620 -0.02575
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long term trend has been UP since Oct 5th, 2017 at 5.66325

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 5.90445

short term up The short term trend has been UP since Feb 20th, 2018 at 5.71540

Smart Scan Analysis for PENMXN

Based on a pre-defined weighted trend formula for chart analysis, PENMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.73195 5.74035 5.69975 5.70620 -0.02575
Prev. Close Volume Bid Ask Time
5.70220 5.70340 5.70900 2018-02-23 18:37:48
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.