Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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 Dec 22nd, 2020 at 0.27701146
The short-term trend has been DOWN since Feb 17th, 2021 at 0.27473543
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).