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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Weak Downtrend (-65) - GBPPEN is showing signs of a strengthening downtrend. Monitor GBPPEN as it may be building momentum to the downside.

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
4.7977575 4.8066059 4.7952996 4.7952996 -0.0024580
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long-term trend has been UP since Aug 21st, 2024 at 4.8990376

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2024 at 4.9327806

short term down The short-term trend has been DOWN since Nov 6th, 2024 at 4.8591171

Smart Scan Analysis for GBPPEN

Based on our trend formula, GBPPEN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7977575 4.8066059 4.7952996 4.7952996 -0.0024580
Prev. Close Volume Bid Ask Time
4.7977575 2024-11-20 03:47:31
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