Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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 Mar 26th, 2020 at 18.480307
The intermediate-term trend has been UP since Jul 10th, 2020 at 20.193638
The short-term trend has been DOWN since Mar 4th, 2021 at 24.471475
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).