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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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_PENCOP
Open High Low PENCOP Price Change
981.5897 981.5897 981.5897 981.5897 0.0000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term down The long term trend has been DOWN since Dec 29th, 2019 at 992.2202

intermediate term down The intermediate term trend has been DOWN since Dec 17th, 2019 at 1011.5297

short term down The short term trend has been DOWN since Dec 29th, 2019 at 994.7636

Smart Scan Analysis for PENCOP

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

-100
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
981.5897 981.5897 981.5897 981.5897 0.0000
Prev. Close Volume Bid Ask Time
981.5897 960.2647 1002.9147 2020-01-12 13:08:55
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