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Forex Trend Analysis Report

Prepared for you on Friday, January 15, 2021.

Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)

Sidelines Mode (+50) - PENCLP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PENCLP can gain momentum.

Is it time to buy, sell, or avoid PENCLP?

MarketClub looks at technical strength and momentum to determine if the timing is right for PENCLP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PENCLP
Open High Low PENCLP Price Change
204.73075 204.73075 204.73075 204.73075 0.00000
Entry Signal

MarketClub’s Trade Triangles for PENCLP

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 234.73471

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2021 at 202.03089

short term up The short-term trend has been UP since Jan 12th, 2021 at 197.28511

Smart Scan Analysis for PENCLP

Based on our trend formula, PENCLP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for PENCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
204.73075 204.73075 204.73075 204.73075 0.00000
Prev. Close Volume Bid Ask Time
204.73075 2021-01-14 07:33:14
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