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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)

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_USDPEN
Open High Low USDPEN Price Change
3.34895 3.35055 3.34845 3.35005 +0.00110
Entry Signal

MarketClub’s Trade Triangles for USDPEN

long term up The long term trend has been UP since May 21st, 2019 at 3.34505

intermediate term up The intermediate term trend has been UP since Mar 27th, 2019 at 3.31680

short term up The short term trend has been UP since May 20th, 2019 at 3.33350

Smart Scan Analysis for USDPEN

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

+100
Smart Scan Analysis for USDPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.34895 3.35055 3.34845 3.35005 +0.00110
Prev. Close Volume Bid Ask Time
3.34895 3.34700 3.35310 2019-05-24 09:10:15
Want to analyze US Dollar/Peruvian Nuevo Sol USDPEN or another symbol? Try our Free Forex Trend Analysis Report.