Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Sidelines Mode (+50) - PENUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PENUSD can gain momentum.
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.
MarketClub’s Trade Triangles for PENUSD
The long-term trend has been DOWN since Aug 17th, 2023 at 0.26863751
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.25905731
The short-term trend has been UP since Nov 21st, 2023 at 0.26256149
Smart Scan Analysis for PENUSD
Based on our trend formula, PENUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).