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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)

Weak Downtrend (-65) - USDPEN is showing signs of a strengthening downtrend. Monitor USDPEN as it may be building momentum to the downside.

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.

FOREX_USDPEN
Open High Low USDPEN Price Change
3.5112575 3.5115000 3.5112575 3.5115000 +0.0002420
Entry Signal

MarketClub’s Trade Triangles for USDPEN

long term up The long-term trend has been UP since Feb 24th, 2020 at 3.4053129

intermediate term down The intermediate-term trend has been DOWN since Jul 16th, 2020 at 3.4960000

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 3.5157500

Smart Scan Analysis for USDPEN

Based on our trend formula, USDPEN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5112575 3.5115000 3.5112575 3.5115000 +0.0002420
Prev. Close Volume Bid Ask Time
3.5112575 3.5060000 3.5170000 2020-07-29 12:23:44
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