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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for PENGBP
The long-term trend has been DOWN since Aug 21st, 2024 at 0.20412172
The intermediate-term trend has been UP since Oct 1st, 2024 at 0.20272542
The short-term trend has been UP since Nov 6th, 2024 at 0.20579871
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20843071 | 0.20851206 | 0.20801101 | 0.20848987 | +0.00005900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20843071 | 2024-11-20 03:40:04 |