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.
MarketClub’s Trade Triangles for GBPPEN
The long term trend has been UP since Aug 7th, 2019 at 4.3683000
The intermediate term trend has been DOWN since Dec 19th, 2019 at 4.3414984
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).