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Forex Trend Analysis Report

Prepared for you on Sunday, March 26, 2023.

Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)

Countertrend Up (+85) - PENCOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1275.6633 1275.6633 1275.6633 1275.6633 0.0000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term up The long-term trend has been UP since Nov 17th, 2021 at 972.4548

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2023 at 1224.0954

short term up The short-term trend has been UP since Mar 18th, 2023 at 1267.7326

Smart Scan Analysis for PENCOP

Based on our trend formula, PENCOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1275.6633 1275.6633 1275.6633 1275.6633 0.0000
Prev. Close Volume Bid Ask Time
1275.6633 2023-03-18 03:55:51
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