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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.

FOREX_CADPEN
Open High Low CADPEN Price Change
2.4517228 2.4517228 2.4517228 2.4517228 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 2.5188841

intermediate term down The intermediate-term trend has been DOWN since Mar 9th, 2020 at 2.5518832

short term down 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).

-90
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4517228 2.4517228 2.4517228 2.4517228 0.0000000
Prev. Close Volume Bid Ask Time
2.4517228 2.3998989 2.5035467 2020-04-02 07:19:22
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