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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.

FOREX_PENCOP
Open High Low PENCOP Price Change
1072.0261 1072.0261 1072.0261 1072.0261 0.0000
Entry Signal

MarketClub’s Trade Triangles for PENCOP

long term down The long-term trend has been DOWN since Apr 17th, 2023 at 1170.3751

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 1069.6989

short term up 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).

-60
Smart Scan Analysis for PENCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1072.0261 1072.0261 1072.0261 1072.0261 0.0000
Prev. Close Volume Bid Ask Time
1072.0261 2023-12-05 21:38:49
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