Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Weak Downtrend (-65) - PENCOP is showing signs of a strengthening downtrend. Monitor PENCOP as it may be building momentum to the downside.
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 Mar 11th, 2020 at 1035.1096
The intermediate-term trend has been DOWN since May 11th, 2020 at 1155.7075
The short-term trend has been DOWN since May 19th, 2020 at 1138.1709
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).