Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Bear Market Rally (-75) - PENMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PENMXN as it may be in the beginning 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 DOWN since Jun 7th, 2022 at 5.2287461
The intermediate-term trend has been UP since Mar 10th, 2023 at 4.8792249
The short-term trend has been DOWN since Mar 22nd, 2023 at 4.9166298
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).