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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

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_PENMXN
Open High Low PENMXN Price Change
5.67100 5.70500 5.66415 5.68765 +0.01665
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term down The long term trend has been DOWN since May 22nd, 2019 at 5.6779

intermediate term down The intermediate term trend has been DOWN since May 22nd, 2019 at 5.6779

short term down The short term trend has been DOWN since May 14th, 2019 at 5.7439

Smart Scan Analysis for PENMXN

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

-100
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.67100 5.70500 5.66415 5.68765 +0.01665
Prev. Close Volume Bid Ask Time
5.67100 5.68620 5.68910 2019-05-23 19:35:34
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.