Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

Bull Market Weakness (+75) - PENBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENBRL as it may be in the beginning stages of a reversal.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.3928870 1.3942451 1.3817113 1.3901344 -0.0027530
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Mar 8th, 2024 at 1.3365075

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2024 at 1.3074601

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 1.3909279

Smart Scan Analysis for PENBRL

Based on our trend formula, PENBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3928870 1.3942451 1.3817113 1.3901344 -0.0027530
Prev. Close Volume Bid Ask Time
1.3928870 2024-04-24 11:57:19
Get a free daily analysis and signals for Peruvian Nuevo Sol/Brazilian Real (PENBRL) - Request Your Free Report.