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.
MarketClub’s Trade Triangles for PENCOP
The long-term trend has been UP since Nov 17th, 2021 at 972.4548
The intermediate-term trend has been UP since Feb 6th, 2023 at 1224.0954
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).