Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

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.

FOREX_PENCLP
Open High Low PENCLP Price Change
256.13139 256.13139 256.13139 256.13139 0.00000
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term up The long-term trend has been UP since Nov 12th, 2024 at 255.72839

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2024 at 247.42590

short term up The short-term trend has been UP since Sep 11th, 2024 at 248.27026

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).

+80
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
256.13139 256.13139 256.13139 256.13139 0.00000
Prev. Close Volume Bid Ask Time
256.58861 2024-11-15 20:04:25
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