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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)

Countertrend Down (-85) - PENCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.35901056 0.35915999 0.35897647 0.35914295 +0.00013200
Entry Signal

MarketClub’s Trade Triangles for PENCAD

long term down The long-term trend has been DOWN since Sep 7th, 2023 at 0.36040702

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2023 at 0.36163458

short term up The short-term trend has been UP since Oct 2nd, 2023 at 0.35874587

Smart Scan Analysis for PENCAD

Based on our trend formula, PENCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for PENCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35901056 0.35915999 0.35897647 0.35914295 +0.00013200
Prev. Close Volume Bid Ask Time
0.35901056 2023-10-03 00:24:00
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