Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Long-Term Downtrend (-90) - CADPEN is in a strong downtrend that is likely to continue. While CADPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADPEN
The long-term trend has been DOWN since Mar 29th, 2020 at 2.5188841
The intermediate-term trend has been DOWN since Mar 9th, 2020 at 2.5518832
The short-term trend has been DOWN since Mar 9th, 2020 at 2.5564049
Smart Scan Analysis for CADPEN
Based on our trend formula, CADPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).