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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Countertrend Up (+85) - PENGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid PENGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENGBP
Open High Low PENGBP Price Change
0.23764874 0.23801633 0.23465406 0.23629455 -0.00135400
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term up The long-term trend has been UP since Mar 17th, 2020 at 0.23359348

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2020 at 0.23013543

short term up The short-term trend has been UP since Apr 5th, 2020 at 0.23779830

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23764874 0.23801633 0.23465406 0.23629455 -0.00135400
Prev. Close Volume Bid Ask Time
0.23764874 0.23627523 0.23631386 2020-04-06 17:16:59
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