Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Nov 13th, 2018 at 6.07340
The intermediate term trend has been UP since Oct 10th, 2018 at 5.76735
The short term trend has been UP since Nov 9th, 2018 at 5.96640
Smart Scan Analysis for PENMXN
Based on a pre-defined weighted trend formula for chart analysis, PENMXN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).