Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDPEN
The long term trend has been UP since May 8th, 2018 at 3.28345
The intermediate term trend has been UP since Aug 14th, 2018 at 3.29190
The short term trend has been DOWN since Dec 11th, 2018 at 3.36310
Smart Scan Analysis for USDPEN
Based on a pre-defined weighted trend formula for chart analysis, USDPEN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).