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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Sidelines Mode (+55) - CADPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CADPEN
Open High Low CADPEN Price Change
2.730067 2.730067 2.730067 2.730067 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term up The long-term trend has been UP since Jun 20th, 2024 at 2.7826205

intermediate term down The intermediate-term trend has been DOWN since Jul 14th, 2024 at 2.7697352

short term up The short-term trend has been UP since Jul 23rd, 2024 at 2.7277689

Smart Scan Analysis for CADPEN

Based on our trend formula, CADPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.730067 2.730067 2.730067 2.730067 0.000000
Prev. Close Volume Bid Ask Time
2.730067 2024-07-23 07:26:08
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