Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Bull Market Weakness (+75) - GBPPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPPEN as it may be in the beginning stages of a reversal.
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 Aug 26th, 2022 at 4.4969346
The intermediate-term trend has been UP since Mar 20th, 2023 at 4.6389564
The short-term trend has been UP since Mar 28th, 2023 at 4.6418669
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6550735 | 4.6608856 | 4.6354633 | 4.6454235 | -0.0096500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6550735 | 2023-03-31 18:57:44 |