Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Aug 14th, 2018 at 0.303905
The short term trend has been UP since Nov 17th, 2018 at 0.297260
Smart Scan Analysis for PENUSD
Based on a pre-defined weighted trend formula for chart analysis, PENUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).