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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
Sidelines Mode (+55) - PENARS 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 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.
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MarketClub’s Trade Triangles for PENARS
The long-term trend has been UP since Oct 14th, 2021 at 24.904636
The intermediate-term trend has been UP since Feb 19th, 2024 at 219.075050
The short-term trend has been DOWN since Apr 25th, 2024 at 233.403590
Smart Scan Analysis for PENARS
Based on our trend formula, PENARS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 232.60363 | 232.60363 | 232.60363 | 232.60363 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 232.60363 | 2024-05-01 07:24:00 |