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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.11875 1.11960 1.11125 1.11425 -0.00450
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term down The long term trend has been DOWN since Oct 8th, 2018 at 1.12645

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 1.13785

short term down The short term trend has been DOWN since Feb 15th, 2019 at 1.11285

Smart Scan Analysis for PENBRL

Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.11875 1.11960 1.11125 1.11425 -0.00450
Prev. Close Volume Bid Ask Time
1.11875 1.11320 1.11530 2019-02-15 18:24:49
Want to analyze Peruvian Nuevo Sol/Brazilian Real PENBRL or another symbol? Try our Free Forex Trend Analysis Report.