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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

Open High Low CADPEN Price Change
2.50485 2.50640 2.50450 2.50625 +0.00140
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long term trend has been DOWN since Dec 16th, 2018 at 2.50015

intermediate term up The intermediate term trend has been UP since Jan 7th, 2019 at 2.51100

short term up The short term trend has been UP since Feb 20th, 2019 at 2.51565

Smart Scan Analysis for CADPEN

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

Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.50485 2.50640 2.50450 2.50625 +0.00140
Prev. Close Volume Bid Ask Time
2.50485 2.50520 2.50730 2019-02-22 03:36:49
Want to analyze Canadian Dollar/Peruvian Nuevo Sol CADPEN or another symbol? Try our Free Forex Trend Analysis Report.