Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PENBRL
The long term trend has been UP since Sep 19th, 2019 at 1.2369500
The intermediate term trend has been UP since Nov 8th, 2019 at 1.2456037
The short term trend has been UP since Nov 5th, 2019 at 1.2027295
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).