Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
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 PENBRL
The long term trend has been DOWN since Jul 10th, 2019 at 1.14575
The intermediate term trend has been UP since Aug 1st, 2019 at 1.16125
The short term trend has been UP since Aug 12th, 2019 at 1.18205
Smart Scan Analysis for PENBRL
Based on a pre-defined weighted trend formula for chart analysis, PENBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).