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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Crossroads (+60) - PENMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
5.7179769 5.7583877 5.6618369 5.7012361 -0.0167410
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term down The long-term trend has been DOWN since Jul 27th, 2020 at 6.2431122

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 5.6308443

short term up The short-term trend has been UP since Feb 25th, 2021 at 5.7055997

Smart Scan Analysis for PENMXN

Based on our trend formula, PENMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7179769 5.7583877 5.6618369 5.7012361 -0.0167410
Prev. Close Volume Bid Ask Time
5.7179769 2021-02-26 17:11:50
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