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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_PENCAD
Open High Low PENCAD Price Change
0.39328429 0.39400089 0.39324814 0.39367529 +0.00039100
Entry Signal

MarketClub’s Trade Triangles for PENCAD

long term down The long term trend has been DOWN since Jun 9th, 2019 at 0.39699000

intermediate term up The intermediate term trend has been UP since Dec 17th, 2019 at 0.39402071

short term up The short term trend has been UP since Jan 17th, 2020 at 0.39292655

Smart Scan Analysis for PENCAD

Based on a pre-defined weighted trend formula for chart analysis, PENCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for PENCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39328429 0.39400089 0.39324814 0.39367529 +0.00039100
Prev. Close Volume Bid Ask Time
0.39328429 0.39366624 0.39368433 2020-01-21 09:28:23
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