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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Bull Market Weakness (+75) - PENGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENGBP as it may be in the beginning stages of a reversal.

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
0.18537286 0.18552284 0.18416886 0.18526808 -0.00010500
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term down The long-term trend has been DOWN since Jun 18th, 2020 at 0.21691225

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 0.17868009

short term up The short-term trend has been UP since Oct 12th, 2021 at 0.18007271

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18537286 0.18552284 0.18416886 0.18526808 -0.00010500
Prev. Close Volume Bid Ask Time
0.18537286 2021-10-18 21:37:49
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