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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)

Bull Market Weakness (+75) - PENCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENCOP as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid PENCOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENCOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENCOP
Open High Low PENCOP Price Change
981.5619 981.5619 981.5619 981.5619 0.0000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term up The long-term trend has been UP since Apr 6th, 2021 at 992.0545

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2021 at 989.7038

short term up The short-term trend has been UP since Apr 6th, 2021 at 978.4749

Smart Scan Analysis for PENCOP

Based on our trend formula, PENCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
981.5619 981.5619 981.5619 981.5619 0.0000
Prev. Close Volume Bid Ask Time
981.5619 2021-05-01 03:02:36
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