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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
Sidelines Mode (-55) - USDPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPEN.
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 USDPEN
The long-term trend has been DOWN since Mar 11th, 2024 at 3.6900000
The intermediate-term trend has been UP since Apr 18th, 2024 at 3.7364250
The short-term trend has been DOWN since May 3rd, 2024 at 3.7419307
Smart Scan Analysis for USDPEN
Based on our trend formula, USDPEN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.73750 | 3.73750 | 3.73525 | 3.73525 | -0.00225 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.73750 | 2024-05-08 15:59:21 |