Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 PENUSD
The long term trend has been DOWN since May 8th, 2018 at 0.304505
The intermediate term trend has been UP since Jan 7th, 2019 at 0.299520
The short term trend has been UP since Jan 15th, 2019 at 0.299585
Smart Scan Analysis for PENUSD
Based on a pre-defined weighted trend formula for chart analysis, PENUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).