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.
MarketClub’s Trade Triangles for PENMXN
The long-term trend has been UP since Feb 28th, 2020 at 5.7954212
The intermediate-term trend has been DOWN since May 11th, 2020 at 6.9281800
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).