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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low PENMXN Price Change
6.01350 6.10845 5.97025 6.00955 -0.00395
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long term trend has been UP since May 7th, 2018 at 5.90925

intermediate term up The intermediate term trend has been UP since Apr 19th, 2018 at 5.73760

short term down The short term trend has been DOWN since May 23rd, 2018 at 6.00385

Smart Scan Analysis for PENMXN

Based on a pre-defined weighted trend formula for chart analysis, PENMXN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.01350 6.10845 5.97025 6.00955 -0.00395
Prev. Close Volume Bid Ask Time
6.01350 6.00820 6.01090 2018-05-23 21:58:47
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.