Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Strong Downtrend (-100) - GBPPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPPEN continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for GBPPEN
The long-term trend has been DOWN since Nov 15th, 2021 at 5.3578560
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 5.5965944
The short-term trend has been DOWN since Jan 4th, 2022 at 5.3428375
Smart Scan Analysis for GBPPEN
Based on our trend formula, GBPPEN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).