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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_GBPPEN
Open High Low GBPPEN Price Change
4.3501937 4.3574223 4.3474267 4.3566922 +0.0064990
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long term trend has been UP since Aug 7th, 2019 at 4.3683000

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2019 at 4.3414984

short term up The short term trend has been UP since Jan 22nd, 2020 at 4.3378701

Smart Scan Analysis for GBPPEN

Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3501937 4.3574223 4.3474267 4.3566922 +0.0064990
Prev. Close Volume Bid Ask Time
4.3501937 4.3566424 4.3567420 2020-01-23 09:11:05
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