Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/Peruvian Nuevo Sol (FOREX:EURPEN)
Crossroads (-60) - EURPEN 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 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.
MarketClub’s Trade Triangles for EURPEN
The long-term trend has been UP since Apr 23rd, 2021 at 4.4585
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 4.8330
The short-term trend has been DOWN since Sep 21st, 2021 at 4.8378
Smart Scan Analysis for EURPEN
Based on our trend formula, EURPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).