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.
MarketClub’s Trade Triangles for PENCOP
The long-term trend has been DOWN since Jun 2nd, 2021 at 957.9787
The intermediate-term trend has been DOWN since Aug 2nd, 2021 at 965.2760
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).