Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
Bull Market Weakness (+75) - PENARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENARS as it may be in the beginning stages of a reversal.
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 Jul 19th, 2022 at 33.341552
The short-term trend has been DOWN since Mar 24th, 2023 at 53.949707
Smart Scan Analysis for PENARS
Based on our trend formula, PENARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).