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Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2024.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Strong Downtrend (-100) - GBPPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPPEN continues to fall. 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 Dec 2nd, 2024 at 4.7174981
The intermediate-term trend has been DOWN since Oct 1st, 2024 at 4.9327806
The short-term trend has been DOWN since Dec 1st, 2024 at 4.7461096
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7505777 | 4.7556111 | 4.7444258 | 4.7495337 | -0.0010440 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7505777 | 2024-12-08 20:46:19 |