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Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low PENMXN Price Change
5.81765 5.85190 5.81470 5.85040 +0.03275
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term down The long term trend has been DOWN since May 22nd, 2019 at 5.67790

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2019 at 5.74465

short term up The short term trend has been UP since Aug 19th, 2019 at 5.81955

Smart Scan Analysis for PENMXN

Based on a pre-defined weighted trend formula for chart analysis, PENMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.81765 5.85190 5.81470 5.85040 +0.03275
Prev. Close Volume Bid Ask Time
5.81765 5.84950 5.85130 2019-08-22 12:24:46
Want to analyze Peruvian Nuevo Sol/Mexican Peso PENMXN or another symbol? Try our Free Forex Trend Analysis Report.