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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
Strong Uptrend (+100) - PENARS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PENARS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid PENARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PENARS
The long-term trend has been UP since Oct 14th, 2021 at 24.904636
The intermediate-term trend has been UP since Feb 19th, 2024 at 219.075050
The short-term trend has been UP since May 3rd, 2024 at 234.649530
Smart Scan Analysis for PENARS
Based on our trend formula, PENARS is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 235.49888 | 236.91800 | 235.38705 | 236.72420 | +1.22532 |
| Prev. Close | Volume | Bid | Ask | Time |
| 235.49888 | 2024-05-08 23:32:56 |