Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Peruvian Nuevo Sol/Brazilian Real (FOREX:PENBRL)
Countertrend Up (+85) - PENBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Mar 8th, 2024 at 1.3365075
The intermediate-term trend has been UP since Oct 9th, 2024 at 1.4892395
The short-term trend has been DOWN since Nov 22nd, 2024 at 1.5133485
Smart Scan Analysis for PENBRL
Based on our trend formula, PENBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5249504 | 1.5278511 | 1.5093145 | 1.5269296 | +0.0019790 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5249504 | 2024-11-22 08:02:06 |