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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.
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MarketClub’s Trade Triangles for PENUSD
The long-term trend has been UP since Dec 21st, 2022 at 0.26085432
The intermediate-term trend has been UP since Feb 23rd, 2023 at 0.26167959
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).
| 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 |