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.
MarketClub’s Trade Triangles for PENGBP
The long-term trend has been UP since Mar 17th, 2020 at 0.23359348
The intermediate-term trend has been UP since Mar 13th, 2020 at 0.23013543
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).