Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 USDPEN
The long term trend has been UP since Aug 5th, 2019 at 3.38140
The intermediate term trend has been UP since Sep 16th, 2019 at 3.40775
The short term trend has been DOWN since Oct 13th, 2019 at 3.37115
Smart Scan Analysis for USDPEN
Based on a pre-defined weighted trend formula for chart analysis, USDPEN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).