Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Weak Uptrend (+65) - PENMXN is showing signs of weakening momentum to the upside. Monitor PENMXN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for PENMXN
The long-term trend has been UP since Oct 15th, 2021 at 5.2121454
The intermediate-term trend has been UP since Nov 23rd, 2021 at 5.2460003
The short-term trend has been DOWN since Nov 30th, 2021 at 5.3401620
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).