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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.
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MarketClub’s Trade Triangles for PENCAD
The long-term trend has been DOWN since Sep 7th, 2023 at 0.36040702
The intermediate-term trend has been DOWN since Sep 7th, 2023 at 0.36163458
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).
| 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 |