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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Countertrend Up (+85) - CADPEN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.054759 3.054759 3.054759 3.054759 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term up The long-term trend has been UP since Jul 14th, 2022 at 2.9840839

intermediate term up The intermediate-term trend has been UP since Jul 14th, 2022 at 2.9432200

short term up The short-term trend has been UP since Jul 14th, 2022 at 2.9432200

Smart Scan Analysis for CADPEN

Based on our trend formula, CADPEN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.054759 3.054759 3.054759 3.054759 0.000000
Prev. Close Volume Bid Ask Time
3.054759 2022-08-10 07:20:34
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