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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.

FOREX_CADPEN
Open High Low CADPEN Price Change
2.49380 2.50050 2.49250 2.49725 +0.00345
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term up The long term trend has been UP since Jun 7th, 2019 at 2.5166

intermediate term up The intermediate term trend has been UP since May 16th, 2019 at 2.4776

short term down 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).

+65
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.49380 2.50050 2.49250 2.49725 +0.00345
Prev. Close Volume Bid Ask Time
2.49380 2.49490 2.49960 2019-06-19 13:40:13
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