Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Sidelines Mode (+50) - CADPEN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADPEN can gain momentum.
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.
MarketClub’s Trade Triangles for CADPEN
The long-term trend has been DOWN since Mar 29th, 2020 at 2.5188841
The intermediate-term trend has been UP since May 11th, 2020 at 2.4350236
The short-term trend has been UP since May 19th, 2020 at 2.4473568
Smart Scan Analysis for CADPEN
Based on our trend formula, CADPEN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).