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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
5.2699661 5.2704508 5.2682215 5.2698886 -0.0000780
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long-term trend has been DOWN since Nov 15th, 2021 at 5.3578560

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 5.5965944

short term down The short-term trend has been DOWN since Jan 4th, 2022 at 5.3428375

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).

-90
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2699661 5.2704508 5.2682215 5.2698886 -0.0000780
Prev. Close Volume Bid Ask Time
5.2699661 2022-01-21 00:58:37
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