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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 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.

FOREX_PENBRL
Open High Low PENBRL Price Change
1.3456698 1.3495400 1.3382430 1.3490164 +0.0033470
Entry Signal

MarketClub’s Trade Triangles for PENBRL

long term up The long-term trend has been UP since Mar 8th, 2024 at 1.3365075

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2024 at 1.3074601

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 1.3521966

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).

+85
Smart Scan Analysis for PENBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3456698 1.3495400 1.3382430 1.3490164 +0.0033470
Prev. Close Volume Bid Ask Time
1.3456698 2024-03-28 16:04:49
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