Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
Weak Downtrend (-65) - PENCAD is showing signs of a strengthening downtrend. Monitor PENCAD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for PENCAD
The long-term trend has been UP since Mar 17th, 2020 at 0.40024392
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.40590465
The short-term trend has been DOWN since May 26th, 2020 at 0.40729470
Smart Scan Analysis for PENCAD
Based on our trend formula, PENCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).