Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Weak Downtrend (-65) - GBPPEN is showing signs of a strengthening downtrend. Monitor GBPPEN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPPEN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPEN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.6572113 4.6572672 4.6572113 4.6572113 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long-term trend has been DOWN since Apr 4th, 2024 at 4.6638141

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2024 at 4.7028817

short term down The short-term trend has been DOWN since May 3rd, 2024 at 4.6835369

Smart Scan Analysis for GBPPEN

Based on our trend formula, GBPPEN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6572113 4.6572672 4.6572113 4.6572113 0.0000000
Prev. Close Volume Bid Ask Time
4.6572113 2024-05-09 00:01:51
Get a free daily analysis and signals for British Pound/Peruvian Nuevo Sol (GBPPEN) - Request Your Free Report.