Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Countertrend Up (+85) - PENCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PENCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENCLP
The long-term trend has been UP since May 13th, 2019 at 205.11500
The intermediate-term trend has been UP since Jan 3rd, 2020 at 229.40836
The short-term trend has been UP since Mar 9th, 2020 at 239.05945
Smart Scan Analysis for PENCLP
Based on our trend formula, PENCLP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).