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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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.2078912 4.2615925 4.2006361 4.2227522 +0.0148610
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 4.2809415

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2020 at 4.3452676

short term down 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).

-80
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2078912 4.2615925 4.2006361 4.2227522 +0.0148610
Prev. Close Volume Bid Ask Time
4.2078912 4.2223543 4.2231500 2020-04-06 18:57:16
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