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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)

Weak Uptrend (+65) - PENMXN is showing signs of weakening momentum to the upside. Monitor PENMXN as it may be in the beginning stages 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
5.1975708 5.2058676 5.1403322 5.1567568 -0.0408140
Entry Signal

MarketClub’s Trade Triangles for PENMXN

long term up The long-term trend has been UP since Oct 15th, 2021 at 5.2121454

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2021 at 5.2460003

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 5.3401620

Smart Scan Analysis for PENMXN

Based on our trend formula, PENMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for PENMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1975708 5.2058676 5.1403322 5.1567568 -0.0408140
Prev. Close Volume Bid Ask Time
5.1975708 2021-12-07 21:52:13
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