Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Crossroads (-60) - GBPPEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPEN.
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 GBPPEN
The long-term trend has been UP since May 8th, 2023 at 4.7736074
The intermediate-term trend has been DOWN since Mar 1st, 2024 at 4.7645601
The short-term trend has been DOWN since Mar 8th, 2024 at 4.7575915
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
4.7042653 | 4.7058555 | 4.6850533 | 4.7003719 | -0.0038930 |
Prev. Close | Volume | Bid | Ask | Time |
4.7042653 | 2024-03-19 08:46:13 |