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.
MarketClub’s Trade Triangles for EURPEN
The long-term trend has been UP since Mar 4th, 2020 at 3.7566
The intermediate-term trend has been UP since Nov 11th, 2020 at 4.2664
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).