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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_PENCLP
Open High Low PENCLP Price Change
232.20947 232.20947 232.20947 232.20947 0.00000
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term up The long term trend has been UP since May 13th, 2019 at 205.11500

intermediate term up The intermediate term trend has been UP since Jan 3rd, 2020 at 229.40836

short term up The short term trend has been UP since Jan 19th, 2020 at 231.76585

Smart Scan Analysis for PENCLP

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

+100
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
232.20947 232.20947 232.20947 232.20947 0.00000
Prev. Close Volume Bid Ask Time
232.82659 228.41820 236.00073 2020-01-20 02:17:02
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