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.
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 DOWN since Jul 16th, 2020 at 3.4960000
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).