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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)

Long-Term Downtrend (-90) - PENCLP is in a strong downtrend that is likely to continue. While PENCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_PENCLP
Open High Low PENCLP Price Change
192.69766 192.69766 192.69766 192.69766 0.00000
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 234.73471

intermediate term down The intermediate-term trend has been DOWN since Feb 18th, 2021 at 199.33136

short term down The short-term trend has been DOWN since Feb 9th, 2021 at 201.57480

Smart Scan Analysis for PENCLP

Based on our trend formula, PENCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
192.69766 192.69766 192.69766 192.69766 0.00000
Prev. Close Volume Bid Ask Time
197.16312 2021-02-25 07:31:40
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