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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Long-Term Downtrend (-90) - CADPEN is in a strong downtrend that is likely to continue. While CADPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_CADPEN
Open High Low CADPEN Price Change
2.7235490 2.7323248 2.7235490 2.7297362 +0.0061870
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long-term trend has been DOWN since Mar 13th, 2024 at 2.7413355

intermediate term down The intermediate-term trend has been DOWN since Feb 29th, 2024 at 2.8069455

short term down The short-term trend has been DOWN since Feb 20th, 2024 at 2.8309095

Smart Scan Analysis for CADPEN

Based on our trend formula, CADPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7235490 2.7323248 2.7235490 2.7297362 +0.0061870
Prev. Close Volume Bid Ask Time
2.7235490 2024-03-18 22:07:02
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