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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.
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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 Aug 19th, 2022 at 231.69902
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).
| 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 |