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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Countertrend Down (-85) - GBPPEN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
4.6619318 4.6649990 4.6531764 4.6534738 -0.0084580
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long-term trend has been DOWN since Dec 2nd, 2024 at 4.7174981

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 4.6427154

short term up The short-term trend has been UP since Dec 25th, 2024 at 4.6838632

Smart Scan Analysis for GBPPEN

Based on our trend formula, GBPPEN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6619318 4.6649990 4.6531764 4.6534738 -0.0084580
Prev. Close Volume Bid Ask Time
4.6619318 2024-12-26 07:43:31
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