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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Sidelines Mode (+55) - GBPPEN 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 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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.5584167 4.5677576 4.5327603 4.5393002 -0.0191170
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long-term trend has been UP since May 8th, 2023 at 4.7736074

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 4.5992821

short term up The short-term trend has been UP since May 24th, 2023 at 4.6007628

Smart Scan Analysis for GBPPEN

Based on our trend formula, GBPPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5584167 4.5677576 4.5327603 4.5393002 -0.0191170
Prev. Close Volume Bid Ask Time
4.5584167 2023-05-29 11:44:33
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