Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
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.
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 Aug 19th, 2018 at 3.29765
Smart Scan Analysis for USDPEN
Based on a pre-defined weighted trend formula for chart analysis, USDPEN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).