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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.

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FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.7505777 4.7556111 4.7444258 4.7495337 -0.0010440
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long-term trend has been DOWN since Dec 2nd, 2024 at 4.7174981

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2024 at 4.9327806

short term down 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).

-100
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways 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
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