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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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
5.7981 5.8144 5.7917 5.8128 +0.0147
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long term trend has been UP since Nov 13th, 2018 at 6.0734

intermediate term up The intermediate term trend has been UP since Feb 11th, 2019 at 5.7867

short term up The short term trend has been UP since Feb 21st, 2019 at 5.8131

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
5.7981 5.8144 5.7917 5.8128 +0.0147
Prev. Close Volume Bid Ask Time
5.7981 5.8115 5.8141 2019-02-22 03:38:01
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.