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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

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

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
1.3833539 1.3955536 1.3816403 1.3923869 +0.0090330
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Oct 8th, 2021 at 1.3516069

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2021 at 1.3713022

short term up The short-term trend has been UP since Dec 2nd, 2021 at 1.4034767

Smart Scan Analysis for PENBRL

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

+75
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3833539 1.3955536 1.3816403 1.3923869 +0.0090330
Prev. Close Volume Bid Ask Time
1.3833539 2021-12-06 19:09:00
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