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Forex Trend Analysis Report

Prepared for you on Tuesday, November 29, 2022.

Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)

Long-Term Uptrend (+90) - PENBRL is in a strong uptrend that is likely to continue. While PENBRL 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 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
1.3794613 1.3794613 1.3742673 1.3769385 -0.0025230
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 up The intermediate-term trend has been UP since Nov 10th, 2022 at 1.3591417

short term up The short-term trend has been UP since Nov 28th, 2022 at 1.4113068

Smart Scan Analysis for PENBRL

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

+90
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3794613 1.3794613 1.3742673 1.3769385 -0.0025230
Prev. Close Volume Bid Ask Time
1.3794613 2022-11-29 05:47:31
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