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.
MarketClub’s Trade Triangles for PENCAD
The long term trend has been DOWN since Jun 9th, 2019 at 0.39699000
The intermediate term trend has been UP since Dec 17th, 2019 at 0.39402071
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).