Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Bull Market Weakness (+75) - PENGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENGBP as it may be in the beginning stages of a reversal.

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

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

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

Open	High	Low	PENGBP Price	Change
0.21472077	0.21483767	0.21469844	0.21480242	+0.00008200
Entry Signal

MarketClub’s Trade Triangles for PENGBP

The long-term trend has been UP since Apr 4th, 2024 at 0.21441678

The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.21263558

The short-term trend has been UP since May 5th, 2024 at 0.21384272

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21472077	0.21483767	0.21469844	0.21480242	+0.00008200
Prev. Close	Volume	Bid	Ask	Time
0.21472077				2024-05-09 01:32:08

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