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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.

FOREX_PENARS
Open High Low PENARS Price Change
24.937240 25.288781 24.918958 25.274104 +0.336864
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long-term trend has been UP since Oct 14th, 2021 at 24.904636

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 24.030230

short term up 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).

+90
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.937240 25.288781 24.918958 25.274104 +0.336864
Prev. Close Volume Bid Ask Time
24.937240 2021-10-15 17:19:11
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