Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Sidelines Mode (-55) - PENCOP 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 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 Jul 6th, 2020 at 1046.2075
The intermediate-term trend has been UP since Feb 23rd, 2021 at 983.2313
The short-term trend has been DOWN since Feb 25th, 2021 at 978.3442
Smart Scan Analysis for PENCOP
Based on our trend formula, PENCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).