Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Crossroads (-60) - CADPEN is struggling to move into a solid trend. Beware of choppy markets 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 Jun 10th, 2020 at 2.5581232
The intermediate-term trend has been DOWN since Oct 24th, 2021 at 3.2711248
The short-term trend has been DOWN since Oct 24th, 2021 at 3.2711248
Smart Scan Analysis for CADPEN
Based on our trend formula, CADPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).