Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 CADPEN
The long term trend has been UP since Jun 7th, 2019 at 2.5166
The intermediate term trend has been UP since May 16th, 2019 at 2.4776
The short term trend has been DOWN since Jun 12th, 2019 at 2.5055
Smart Scan Analysis for CADPEN
Based on a pre-defined weighted trend formula for chart analysis, CADPEN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).