Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 PENBRL
The long term trend has been UP since Mar 7th, 2019 at 1.17375
The intermediate term trend has been DOWN since May 29th, 2019 at 1.18365
The short term trend has been DOWN since Jun 18th, 2019 at 1.15310
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).