Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Crossroads (-60) - PENBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PENBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Sep 19th, 2019 at 1.2369500
The intermediate-term trend has been DOWN since May 25th, 2020 at 1.6172546
The short-term trend has been DOWN since May 15th, 2020 at 1.6856557
Smart Scan Analysis for PENBRL
Based on our trend formula, PENBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).