Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Feb 24th, 2020 at 3.4053129
The intermediate-term trend has been DOWN since Oct 7th, 2021 at 4.0929185
The short-term trend has been DOWN since Oct 6th, 2021 at 4.1304507
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).