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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

Sidelines Mode (+55) - PENBRL 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 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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.3197105 1.3197105 1.3197105 1.3197105 0.0000000
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Nov 10th, 2022 at 1.3865255

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 1.3084945

short term up The short-term trend has been UP since Sep 20th, 2023 at 1.3132275

Smart Scan Analysis for PENBRL

Based on our trend formula, PENBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3197105 1.3197105 1.3197105 1.3197105 0.0000000
Prev. Close Volume Bid Ask Time
1.3197105 2023-09-23 13:03:36
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