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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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
5.3169348 5.3218512 5.3158444 5.3214112 +0.0044760
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long-term trend has been UP since Jun 18th, 2020 at 4.6101593

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2021 at 5.0918330

short term up 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).

+75
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3169348 5.3218512 5.3158444 5.3214112 +0.0044760
Prev. Close Volume Bid Ask Time
5.3169348 2021-05-06 03:00:23
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