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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.

FOREX_CADPEN
Open High Low CADPEN Price Change
2.7736312 2.7736312 2.7736312 2.7736312 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term up The long-term trend has been UP since Jun 10th, 2020 at 2.5581232

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2020 at 2.7376680

short term up 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).

+80
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7736312 2.7736312 2.7736312 2.7736312 0.0000000
Prev. Close Volume Bid Ask Time
2.7787436 2020-11-27 07:13:59
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