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.
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 DOWN since Nov 9th, 2020 at 1.4603786
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.5401584
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).