Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Bull Market Weakness (+75) - PENCLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENCLP as it may be in the beginning stages of a reversal.
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 Sep 29th, 2021 at 194.04038
The intermediate-term trend has been UP since Sep 12th, 2021 at 191.08923
The short-term trend has been UP since Sep 21st, 2021 at 190.84552
Smart Scan Analysis for PENCLP
Based on our trend formula, PENCLP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).