Free Daily Analysis

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.

FOREX_CADPEN
Open High Low CADPEN Price Change
2.4707044 2.4707044 2.4707044 2.4707044 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 2.5188841

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 2.4350236

short term up 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).

+50
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4707044 2.4707044 2.4707044 2.4707044 0.0000000
Prev. Close Volume Bid Ask Time
2.4707044 2.4180676 2.5233411 2020-05-26 07:14:37
Get a free daily analysis and signals for Canadian Dollar/Peruvian Nuevo Sol (CADPEN) - Request Your Free Report.