Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Nov 22nd, 2017 at 0.30976
The intermediate term trend has been UP since Mar 22nd, 2018 at 0.30843
The short term trend has been DOWN since Apr 20th, 2018 at 0.31021
Smart Scan Analysis for PENUSD
Based on a pre-defined weighted trend formula for chart analysis, PENUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).