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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Bull Market Weakness (+75) - GBPPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPPEN as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPPEN?

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

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

FOREX_GBPPEN
Open High Low GBPPEN Price Change
5.0838474 5.0969011 5.0626921 5.0790651 -0.0047820
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long-term trend has been UP since Jun 18th, 2020 at 4.6101593

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2020 at 4.6892489

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 5.1120107

Smart Scan Analysis for GBPPEN

Based on our trend formula, GBPPEN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0838474 5.0969011 5.0626921 5.0790651 -0.0047820
Prev. Close Volume Bid Ask Time
5.0838474 2021-02-26 23:35:52
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