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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)

Sidelines Mode (+55) - PENCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
241.54538 241.54538 241.54538 241.54538 0.00000
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term up The long-term trend has been UP since Sep 29th, 2021 at 194.04038

intermediate term up The intermediate-term trend has been UP since Aug 19th, 2022 at 231.69902

short term down The short-term trend has been DOWN since Jul 29th, 2022 at 255.11690

Smart Scan Analysis for PENCLP

Based on our trend formula, PENCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
241.54538 241.54538 241.54538 241.54538 0.00000
Prev. Close Volume Bid Ask Time
241.54538 2022-08-19 07:18:29
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