Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Countertrend Up (+85) - PENBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PENBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENBRL.
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 PENBRL
The long-term trend has been UP since Mar 8th, 2024 at 1.3365075
The intermediate-term trend has been UP since Feb 21st, 2024 at 1.3074601
The short-term trend has been UP since May 2nd, 2024 at 1.3812168
Smart Scan Analysis for PENBRL
Based on our trend formula, PENBRL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3690720 | 1.3690720 | 1.3582067 | 1.3610959 | -0.0079760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3690720 | 2024-05-06 15:56:39 |