Forex Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
Euro/Peruvian Nuevo Sol (FOREX:EURPEN)
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 EURPEN
The long term trend has been UP since Aug 5th, 2019 at 3.78885
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 3.72685
The short term trend has been UP since Sep 27th, 2019 at 3.69695
Smart Scan Analysis for EURPEN
Based on a pre-defined weighted trend formula for chart analysis, EURPEN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).