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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Crossroads (+60) - GBPPEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been DOWN since Apr 4th, 2024 at 4.6638141
The intermediate-term trend has been UP since Apr 28th, 2024 at 4.7028817
The short-term trend has been UP since Apr 24th, 2024 at 4.6207171
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6997133 | 4.7135546 | 4.6868683 | 4.6942112 | -0.0055020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6997133 | 2024-05-01 16:21:03 |