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.
MarketClub’s Trade Triangles for PENGBP
The long term trend has been DOWN since Aug 7th, 2019 at 0.22892000
The intermediate term trend has been DOWN since Oct 16th, 2019 at 0.23463000
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).