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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Long-Term Uptrend (+90) - PENMXN is in a strong uptrend that is likely to continue. While PENMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for PENMXN
The long-term trend has been UP since Apr 18th, 2024 at 4.6866061
The intermediate-term trend has been UP since Jul 23rd, 2024 at 4.8394101
The short-term trend has been UP since Jul 15th, 2024 at 4.7378297
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9248572 | 4.9264221 | 4.8692962 | 4.9114517 | -0.0134060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.9248572 | 2024-07-26 17:00:05 |