Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 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.

Open	High	Low	PENCAD Price	Change
0.34630584	0.34957361	0.34542776	0.34932686	+0.00302100
Entry Signal

MarketClub’s Trade Triangles for PENCAD

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

The intermediate-term trend has been DOWN since Oct 2nd, 2020 at 0.36725813

The short-term trend has been UP since Feb 26th, 2021 at 0.34704809

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.34630584	0.34957361	0.34542776	0.34932686	+0.00302100
Prev. Close	Volume	Bid	Ask	Time
0.34630584				2021-02-26 17:12:08

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