Analyze Symbol
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.
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MarketClub’s Trade Triangles for CADPEN
The long term trend has been DOWN since Dec 16th, 2018 at 2.50015
The intermediate term trend has been UP since Jan 7th, 2019 at 2.51100
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).
| 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 |