Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Crossroads (-60) - PENEUR 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 PENEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENEUR
The long-term trend has been DOWN since Apr 23rd, 2021 at 0.22436292
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.20696753
The short-term trend has been UP since Sep 21st, 2021 at 0.20676207
Smart Scan Analysis for PENEUR
Based on our trend formula, PENEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).