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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.

Open High Low EURPEN Price Change
4.057 4.057 4.057 4.057 0.000
Entry Signal

MarketClub’s Trade Triangles for EURPEN

long term up The long-term trend has been UP since Oct 19th, 2023 at 4.0651

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 4.0858

short term down 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).

Smart Scan Analysis for EURPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.057 4.057 4.057 4.057 0.000
Prev. Close Volume Bid Ask Time
4.052 2023-12-06 07:29:28
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