Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
Bull Market Weakness (+75) - USDPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDPEN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPEN
The long-term trend has been UP since Feb 24th, 2020 at 3.4053129
The intermediate-term trend has been UP since Dec 22nd, 2020 at 3.6111803
The short-term trend has been DOWN since Feb 22nd, 2021 at 3.6500000
Smart Scan Analysis for USDPEN
Based on our trend formula, USDPEN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).