Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
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.
MarketClub’s Trade Triangles for CADPEN
The long-term trend has been UP since Jun 10th, 2020 at 2.5581232
The intermediate-term trend has been UP since Nov 3rd, 2020 at 2.7376680
The short-term trend has been UP since Nov 27th, 2020 at 2.7722395
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).