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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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.5541151 1.5750689 1.5487311 1.5699777 +0.0158630
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 1.2369500

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 1.6172546

short term down 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).

-60
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5541151 1.5750689 1.5487311 1.5699777 +0.0158630
Prev. Close Volume Bid Ask Time
1.5541151 1.5689280 1.5710274 2020-06-01 12:45:55
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