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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.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.299180 0.299795 0.299060 0.299675 +0.000495
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term down The long term trend has been DOWN since May 8th, 2018 at 0.304505

intermediate term up The intermediate term trend has been UP since Jan 7th, 2019 at 0.299520

short term up 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).

+70
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.299180 0.299795 0.299060 0.299675 +0.000495
Prev. Close Volume Bid Ask Time
0.299180 0.299550 0.299800 2019-01-15 13:04:54
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