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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)

Bull Market Weakness (+75) - PENARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENARS as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid PENARS?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENARS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENARS
Open High Low PENARS Price Change
238.43960 238.83300 237.48806 238.15523 -0.28437
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long-term trend has been UP since Oct 14th, 2021 at 24.904636

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2024 at 219.075050

short term down The short-term trend has been DOWN since May 27th, 2024 at 237.643770

Smart Scan Analysis for PENARS

Based on our trend formula, PENARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
238.43960 238.83300 237.48806 238.15523 -0.28437
Prev. Close Volume Bid Ask Time
238.43960 2024-05-27 09:31:44
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