Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Sidelines Mode (+55) - CADPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 22nd, 2023 at 2.7602327
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 2.7413605
The short-term trend has been UP since Dec 5th, 2023 at 2.7400109
Smart Scan Analysis for CADPEN
Based on our trend formula, CADPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).