Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Sidelines Mode (-55) - PENGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jun 18th, 2020 at 0.21691225
The intermediate-term trend has been DOWN since Oct 4th, 2020 at 0.21325377
The short-term trend has been UP since Feb 25th, 2021 at 0.19561774
Smart Scan Analysis for PENGBP
Based on our trend formula, PENGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).