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.
MarketClub’s Trade Triangles for PENUSD
The long term trend has been UP since Feb 22nd, 2019 at 0.30220
The intermediate term trend has been UP since Jan 7th, 2019 at 0.29952
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).