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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

Long-Term Downtrend (-90) - PENBRL is in a strong downtrend that is likely to continue. While PENBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PENBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENBRL.

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FOREX_PENBRL
Open High Low PENBRL Price Change
1.4560067 1.4598975 1.4445875 1.4537367 -0.0022700
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 1.4603786

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.5401584

short term down The short-term trend has been DOWN since Nov 25th, 2020 at 1.4806610

Smart Scan Analysis for PENBRL

Based on our trend formula, PENBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4560067 1.4598975 1.4445875 1.4537367 -0.0022700
Prev. Close Volume Bid Ask Time
1.4560067 2020-12-02 23:08:56
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