Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Strong Uptrend (+100) - GBPPEN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPPEN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been UP since Jun 18th, 2020 at 4.6101593
The intermediate-term trend has been UP since Oct 4th, 2020 at 4.6892489
The short-term trend has been UP since Dec 3rd, 2020 at 4.8490662
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).