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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)

Long-Term Uptrend (+90) - PENARS is in a strong uptrend that is likely to continue. While PENARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
22.704283 22.737064 22.570456 22.601516 -0.102767
Entry Signal

MarketClub’s Trade Triangles for PENARS

long term up The long-term trend has been UP since Mar 26th, 2020 at 18.480307

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2020 at 20.193638

short term up The short-term trend has been UP since Nov 18th, 2020 at 22.048376

Smart Scan Analysis for PENARS

Based on our trend formula, PENARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for PENARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.704283 22.737064 22.570456 22.601516 -0.102767
Prev. Close Volume Bid Ask Time
22.704283 2020-12-03 21:26:14
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