Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
Long-Term Uptrend (+90) - PENARS is in a strong uptrend that is likely to continue. While PENARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid PENARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENARS
The long-term trend has been UP since Oct 14th, 2021 at 24.904636
The intermediate-term trend has been UP since Oct 8th, 2021 at 24.030230
The short-term trend has been UP since Oct 8th, 2021 at 23.993368
Smart Scan Analysis for PENARS
Based on our trend formula, PENARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).