Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
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 CADPEN
The long term trend has been UP since Jun 7th, 2019 at 2.5166000
The intermediate term trend has been UP since Jan 2nd, 2020 at 2.5519553
The short term trend has been UP since Jan 6th, 2020 at 2.5537560
Smart Scan Analysis for CADPEN
Based on a pre-defined weighted trend formula for chart analysis, CADPEN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).