Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Bull Market Weakness (+75) - PENCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENCOP as it may be in the beginning stages of a reversal.
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 Apr 6th, 2021 at 992.0545
The intermediate-term trend has been UP since Mar 30th, 2021 at 989.7038
The short-term trend has been UP since Apr 6th, 2021 at 978.4749
Smart Scan Analysis for PENCOP
Based on our trend formula, PENCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).