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.
MarketClub’s Trade Triangles for PENBRL
The long-term trend has been UP since Oct 8th, 2021 at 1.3516069
The intermediate-term trend has been DOWN since Nov 9th, 2021 at 1.3713022
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).