Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Countertrend Up (+85) - PENBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Sep 19th, 2019 at 1.2369500
The intermediate-term trend has been UP since Jan 6th, 2020 at 1.2363973
The short-term trend has been DOWN since Apr 3rd, 2020 at 1.5038979
Smart Scan Analysis for PENBRL
Based on our trend formula, PENBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).