Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)
Crossroads (-60) - USDPEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Sep 26th, 2023 at 3.7421062
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 3.8525000
The short-term trend has been DOWN since Nov 20th, 2023 at 3.7695000
Smart Scan Analysis for USDPEN
Based on our trend formula, USDPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).