Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Bull Market Weakness (+75) - GBPPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPPEN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been UP since Jun 18th, 2020 at 4.6101593
The intermediate-term trend has been DOWN since Apr 6th, 2021 at 5.0918330
The short-term trend has been UP since Apr 16th, 2021 at 5.0109409
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).