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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Countertrend Down (-85) - GBPPEN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Dec 2nd, 2024 at 4.7174981
The intermediate-term trend has been DOWN since Oct 1st, 2024 at 4.9327806
The short-term trend has been UP since Dec 19th, 2024 at 4.7602759
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6797864 | 4.6797864 | 4.6606918 | 4.6606918 | -0.0190950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6797864 | 2024-12-21 09:15:41 |