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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Long-Term Uptrend (+90) - PENBRL is in a strong uptrend that is likely to continue. While PENBRL 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 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.
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MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Mar 8th, 2024 at 1.3365075
The intermediate-term trend has been UP since May 31st, 2024 at 1.3989593
The short-term trend has been UP since Jul 12th, 2024 at 1.4435452
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5084462 | 1.5089141 | 1.4955154 | 1.5019605 | -0.0064860 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5084462 | 2024-07-26 10:47:00 |