Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Bear Market Rally (-75) - GBPPEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPPEN as it may be in the beginning 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.
MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been DOWN since Mar 17th, 2020 at 4.2809415
The intermediate-term trend has been DOWN since Mar 13th, 2020 at 4.3452676
The short-term trend has been DOWN since Apr 3rd, 2020 at 4.2060982
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).