Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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 Apr 30th, 2021 at 0.26508082
The intermediate-term trend has been UP since Oct 12th, 2021 at 0.24288164
The short-term trend has been UP since Oct 12th, 2021 at 0.24263907
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).