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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)

Long-Term Downtrend (-90) - PENCOP is in a strong downtrend that is likely to continue. While PENCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
921.5191 921.5191 921.5191 921.5191 0.0000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term down The long-term trend has been DOWN since Jun 2nd, 2021 at 957.9787

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2021 at 965.2760

short term down The short-term trend has been DOWN since Sep 29th, 2021 at 929.8961

Smart Scan Analysis for PENCOP

Based on our trend formula, PENCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
921.5191 921.5191 921.5191 921.5191 0.0000
Prev. Close Volume Bid Ask Time
941.9907 2021-10-12 21:08:34
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