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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.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.25314277 0.25314277 0.25314277 0.25314277 0.00000000
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term down The long-term trend has been DOWN since Apr 30th, 2021 at 0.26508082

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 0.24288164

short term up 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).

+50
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25314277 0.25314277 0.25314277 0.25314277 0.00000000
Prev. Close Volume Bid Ask Time
0.25314277 2021-10-23 17:27:50
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