Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Strong Uptrend (+100) - CADPEN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADPEN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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 Jan 21st, 2021 at 2.8628954
The short-term trend has been UP since Feb 14th, 2021 at 2.8663788
Smart Scan Analysis for CADPEN
Based on our trend formula, CADPEN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).