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.
MarketClub’s Trade Triangles for PENMXN
The long term trend has been UP since May 7th, 2018 at 5.90925
The intermediate term trend has been UP since Apr 19th, 2018 at 5.73760
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).