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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

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_PENGBP
Open High Low PENGBP Price Change
0.23031463 0.23031463 0.22907538 0.22907538 -0.00123900
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term down The long term trend has been DOWN since Aug 7th, 2019 at 0.22892000

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2019 at 0.23463000

short term down The short term trend has been DOWN since Nov 11th, 2019 at 0.23236316

Smart Scan Analysis for PENGBP

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

-100
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23031463 0.23031463 0.22907538 0.22907538 -0.00123900
Prev. Close Volume Bid Ask Time
0.23031463 0.22904876 0.22910200 2019-11-16 17:02:46
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