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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.

FOREX_PENGBP
Open High Low PENGBP Price Change
0.19620677 0.19720048 0.19554365 0.19717921 +0.00097200
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 down The intermediate-term trend has been DOWN since Oct 4th, 2020 at 0.21325377

short term up 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).

-55
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19620677 0.19720048 0.19554365 0.19717921 +0.00097200
Prev. Close Volume Bid Ask Time
0.19620677 2021-03-01 13:57:33
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