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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)

Countertrend Up (+85) - PENUSD 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 PENUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.2659482 0.2659482 0.2659482 0.2659482 0.0000000
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term up The long-term trend has been UP since Dec 21st, 2022 at 0.26085432

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2023 at 0.26167959

short term up The short-term trend has been UP since Feb 13th, 2023 at 0.25991790

Smart Scan Analysis for PENUSD

Based on our trend formula, PENUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2659482 0.2659482 0.2659482 0.2659482 0.0000000
Prev. Close Volume Bid Ask Time
0.2659482 2023-03-31 07:27:22
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