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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Bear Market Rally (-75) - CADPEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADPEN as it may be in the beginning of a reversal.

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
2.7466879 2.7466879 2.7459639 2.7459639 -0.0007240
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long-term trend has been DOWN since Mar 13th, 2024 at 2.7413355

intermediate term down The intermediate-term trend has been DOWN since Feb 29th, 2024 at 2.8069455

short term up The short-term trend has been UP since Mar 28th, 2024 at 2.7373942

Smart Scan Analysis for CADPEN

Based on our trend formula, CADPEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7466879 2.7466879 2.7459639 2.7459639 -0.0007240
Prev. Close Volume Bid Ask Time
2.7466879 2024-03-29 03:30:06
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