Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Crossroads (-60) - PENGBP 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 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.

Open	High	Low	PENGBP Price	Change
0.21536726	0.21551237	0.21524765	0.21551237	+0.00014500
Entry Signal

MarketClub’s Trade Triangles for PENGBP

The long-term trend has been UP since Aug 26th, 2022 at 0.22244364

The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.21556572

The short-term trend has been DOWN since Mar 28th, 2023 at 0.21543057

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21536726	0.21551237	0.21524765	0.21551237	+0.00014500
Prev. Close	Volume	Bid	Ask	Time
0.21536726				2023-03-29 01:55:37

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