Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
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 PENARS
The long term trend has been UP since Dec 21st, 2017 at 5.482400
The intermediate term trend has been UP since Dec 10th, 2019 at 17.769070
The short term trend has been UP since Jan 17th, 2020 at 18.022201
Smart Scan Analysis for PENARS
Based on a pre-defined weighted trend formula for chart analysis, PENARS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).