Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Strong Downtrend (-100) - PENCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for PENCLP
The long-term trend has been DOWN since Jun 1st, 2020 at 234.73471
The intermediate-term trend has been DOWN since Jul 6th, 2020 at 229.13109
The short-term trend has been DOWN since Jul 26th, 2020 at 223.72909
Smart Scan Analysis for PENCLP
Based on our trend formula, PENCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).