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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.

Open High Low GBPPEN Price Change
4.34845 4.37465 4.34330 4.37260 +0.02415
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long term trend has been DOWN since Dec 10th, 2018 at 4.22750

intermediate term down The intermediate term trend has been DOWN since Mar 10th, 2019 at 4.28220

short term up 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).

Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.34845 4.37465 4.34330 4.37260 +0.02415
Prev. Close Volume Bid Ask Time
4.34845 4.37240 4.37280 2019-03-26 16:14:08
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.