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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

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 PENUSD Price Change
0.303265 0.303675 0.303150 0.303560 +0.000295
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term up The long term trend has been UP since Feb 22nd, 2019 at 0.30220

intermediate term up The intermediate term trend has been UP since Jan 7th, 2019 at 0.29952

short term down The short term trend has been DOWN since Mar 18th, 2019 at 0.30314

Smart Scan Analysis for PENUSD

Based on a pre-defined weighted trend formula for chart analysis, PENUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.303265 0.303675 0.303150 0.303560 +0.000295
Prev. Close Volume Bid Ask Time
0.303265 0.303470 0.303650 2019-03-20 14:26:53
Want to analyze Peruvian Nuevo Sol/US Dollar PENUSD or another symbol? Try our Free Forex Trend Analysis Report.