Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/Peruvian Nuevo Sol (FOREX:EURPEN)
Sidelines Mode (+55) - EURPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURPEN
The long-term trend has been UP since Oct 19th, 2023 at 4.0651
The intermediate-term trend has been UP since Nov 14th, 2023 at 4.0858
The short-term trend has been DOWN since Nov 23rd, 2023 at 4.1130
Smart Scan Analysis for EURPEN
Based on our trend formula, EURPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).