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.
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 Feb 18th, 2021 at 199.33136
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).