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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 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.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.302650 0.303205 0.302580 0.303095 +0.000445
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 down The intermediate term trend has been DOWN since Aug 14th, 2018 at 0.303905

short term up The short term trend has been UP since Sep 13th, 2018 at 0.300755

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).

-55
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.302650 0.303205 0.302580 0.303095 +0.000445
Prev. Close Volume Bid Ask Time
0.302650 0.302850 0.303340 2018-09-20 14:23:25
Want to analyze Peruvian Nuevo Sol/US Dollar PENUSD or another symbol? Try our Free Forex Trend Analysis Report.