Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Peruvian Nuevo Sol/Canadian Dollar (FOREX:PENCAD)
Bull Market Weakness (+75) - PENCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENCAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid PENCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENCAD
The long-term trend has been DOWN since Jun 18th, 2020 at 0.38370306
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.31389241
The short-term trend has been UP since Oct 13th, 2021 at 0.30947303
Smart Scan Analysis for PENCAD
Based on our trend formula, PENCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).