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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)

Strong Downtrend (-100) - USDPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDPEN continues to fall. Traders should use caution and set stops.

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
3.7645000 3.7671223 3.7645000 3.7671223 +0.0026220
Entry Signal

MarketClub’s Trade Triangles for USDPEN

long term down The long-term trend has been DOWN since Dec 21st, 2022 at 3.81600

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2023 at 3.82275

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 3.78150

Smart Scan Analysis for USDPEN

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

-100
Smart Scan Analysis for USDPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7645000 3.7671223 3.7645000 3.7671223 +0.0026220
Prev. Close Volume Bid Ask Time
3.7656191 2023-03-28 13:21:43
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