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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)

Sidelines Mode (+55) - PENCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid PENCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENCAD
Open High Low PENCAD Price Change
0.31111251 0.31159774 0.30922403 0.31015654 -0.00095600
Entry Signal

MarketClub’s Trade Triangles for PENCAD

long term down The long-term trend has been DOWN since Jun 18th, 2020 at 0.38370306

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.31389241

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 0.31154709

Smart Scan Analysis for PENCAD

Based on our trend formula, PENCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for PENCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31111251 0.31159774 0.30922403 0.31015654 -0.00095600
Prev. Close Volume Bid Ask Time
0.31111251 2021-10-26 14:42:25
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