Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Euro/Peruvian Nuevo Sol (FOREX:EURPEN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jan 18th, 2019 at 3.77725
The intermediate term trend has been DOWN since Jan 15th, 2019 at 3.81650
The short term trend has been DOWN since Feb 15th, 2019 at 3.75085
Smart Scan Analysis for EURPEN
Based on a pre-defined weighted trend formula for chart analysis, EURPEN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).