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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.

FOREX_PENMXN
Open High Low PENMXN Price Change
4.8328599 4.8342312 4.8165512 4.8182653 -0.0145950
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term down The long-term trend has been DOWN since Jun 7th, 2022 at 5.2287461

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2023 at 4.8792249

short term down 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).

-75
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8328599 4.8342312 4.8165512 4.8182653 -0.0145950
Prev. Close Volume Bid Ask Time
4.8328599 2023-03-31 04:47:17
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