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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

Euro/Peruvian Nuevo Sol (FOREX:EURPEN)

Countertrend Up (+85) - EURPEN 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 EURPEN?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURPEN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURPEN
Open High Low EURPEN Price Change
4.3734 4.3734 4.3734 4.3734 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURPEN

long term up The long-term trend has been UP since Mar 4th, 2020 at 3.7566

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2020 at 4.2664

short term up The short-term trend has been UP since Nov 27th, 2020 at 4.2895

Smart Scan Analysis for EURPEN

Based on our trend formula, EURPEN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3734 4.3734 4.3734 4.3734 0.0000
Prev. Close Volume Bid Ask Time
4.3734 2020-12-04 07:18:24
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