Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Strong Downtrend (-100) - PENUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Feb 26th, 2020 at 0.29379265
The intermediate-term trend has been DOWN since May 11th, 2020 at 0.29354842
The short-term trend has been DOWN since May 26th, 2020 at 0.29242231
Smart Scan Analysis for PENUSD
Based on our trend formula, PENUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).