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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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, PENUSD 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.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.26444798 0.26444798 0.26361561 0.26361561 -0.00083200
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term down The long-term trend has been DOWN since Jun 11th, 2024 at 0.26508745

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.26747369

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 0.26680539

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).

-100
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26444798 0.26444798 0.26361561 0.26361561 -0.00083200
Prev. Close Volume Bid Ask Time
0.26444798 2024-06-13 21:00:26
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