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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Weak Downtrend (-65) - PENMXN is showing signs of a strengthening downtrend. Monitor PENMXN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid PENMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENMXN
Open High Low PENMXN Price Change
6.4828726 6.5073591 6.4094117 6.4327906 -0.0500820
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 5.7954212

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 6.9281800

short term down The short-term trend has been DOWN since May 14th, 2020 at 6.9186970

Smart Scan Analysis for PENMXN

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

-70
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4828726 6.5073591 6.4094117 6.4327906 -0.0500820
Prev. Close Volume Bid Ask Time
6.4828726 6.4308303 6.4347508 2020-05-29 17:09:03
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