Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 GBPPEN
The long term trend has been DOWN since Dec 10th, 2018 at 4.22750
The intermediate term trend has been DOWN since Mar 10th, 2019 at 4.28220
The short term trend has been UP since Mar 26th, 2019 at 4.36925
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).