Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Crossroads (-60) - PENCOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for PENCOP
The long-term trend has been DOWN since Apr 17th, 2023 at 1170.3751
The intermediate-term trend has been UP since Nov 21st, 2023 at 1069.6989
The short-term trend has been UP since Nov 21st, 2023 at 1057.0860
Smart Scan Analysis for PENCOP
Based on our trend formula, PENCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).