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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Countertrend Up (+85) - PENMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_PENMXN
Open High Low PENMXN Price Change
4.6007965 4.6099412 4.5585202 4.6091973 +0.0084010
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 4.6866061

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 4.5282724

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 4.5666818

Smart Scan Analysis for PENMXN

Based on our trend formula, PENMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6007965 4.6099412 4.5585202 4.6091973 +0.0084010
Prev. Close Volume Bid Ask Time
4.6007965 2024-04-24 10:57:28
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