Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
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.
MarketClub’s Trade Triangles for CADPEN
The long-term trend has been DOWN since Oct 18th, 2022 at 2.8974227
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 2.8590811
The short-term trend has been DOWN since Feb 22nd, 2023 at 2.8689969
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).