Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
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 PENCLP
The long term trend has been UP since May 13th, 2019 at 205.115
The intermediate term trend has been UP since Sep 5th, 2019 at 212.065
The short term trend has been UP since Sep 5th, 2019 at 212.065
Smart Scan Analysis for PENCLP
Based on a pre-defined weighted trend formula for chart analysis, PENCLP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).