Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 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 May 12th, 2020 at 3.7018
The short-term trend has been UP since May 26th, 2020 at 3.7533
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).