Free Daily Analysis

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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.5395045 1.5594447 1.5362058 1.5556773 +0.0161730
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Mar 1st, 2021 at 1.5327357

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 1.4542066

short term up 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).

+100
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5395045 1.5594447 1.5362058 1.5556773 +0.0161730
Prev. Close Volume Bid Ask Time
1.5395045 2021-03-08 08:02:23
Get a free daily analysis and signals for Peruvian Nuevo Sol/Brazilian Real (PENBRL) - Request Your Free Report.