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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.

FOREX_PENARS
Open High Low PENARS Price Change
17.980562 18.047987 17.939394 18.021638 +0.041076
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long term trend has been UP since Dec 21st, 2017 at 5.482400

intermediate term up The intermediate term trend has been UP since Dec 10th, 2019 at 17.769070

short term up 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).

+70
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.980562 18.047987 17.939394 18.021638 +0.041076
Prev. Close Volume Bid Ask Time
17.980562 18.020419 18.022856 2020-01-17 16:52:50
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