Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Strong Uptrend (+100) - PENBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PENBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Mar 1st, 2021 at 1.5327357
The intermediate-term trend has been UP since Dec 28th, 2020 at 1.4542066
The short-term trend has been UP since Mar 8th, 2021 at 1.5483541
Smart Scan Analysis for PENBRL
Based on our trend formula, PENBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).