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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Long-Term Downtrend (-90) - GBPPEN is in a strong downtrend that is likely to continue. While GBPPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been DOWN since Apr 4th, 2024 at 4.6638141
The intermediate-term trend has been DOWN since Jul 14th, 2024 at 4.7973546
The short-term trend has been DOWN since Jul 25th, 2024 at 4.8193436
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.8130592 | 4.8392845 | 4.8109078 | 4.8347415 | +0.0216820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8130592 | 2024-07-26 20:25:21 |