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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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.5061432 1.5565716 1.4986393 1.5536670 +0.0475240
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 1.2369500

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2020 at 1.2363973

short term down 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).

+85
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5061432 1.5565716 1.4986393 1.5536670 +0.0475240
Prev. Close Volume Bid Ask Time
1.5061432 1.5525912 1.5547428 2020-04-03 17:10:35
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