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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_PENCOP
Open High Low PENCOP Price Change
942.975 942.975 942.975 942.975 0.000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term down The long term trend has been DOWN since Feb 4th, 2019 at 928.190

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2019 at 944.525

short term down The short term trend has been DOWN since Feb 20th, 2019 at 940.030

Smart Scan Analysis for PENCOP

Based on a pre-defined weighted trend formula for chart analysis, PENCOP scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
942.975 942.975 942.975 942.975 0.000
Prev. Close Volume Bid Ask Time
942.975 922.900 963.050 2019-02-23 07:41:30
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