Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Peruvian Nuevo Sol/Chilean Peso (FOREX:PENCLP)
Weak Downtrend (-65) - PENCLP is showing signs of a strengthening downtrend. Monitor PENCLP as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for PENCLP
The long-term trend has been DOWN since Jun 1st, 2020 at 234.73471
The intermediate-term trend has been UP since Apr 7th, 2021 at 196.58049
The short-term trend has been DOWN since Apr 15th, 2021 at 195.44408
Smart Scan Analysis for PENCLP
Based on our trend formula, PENCLP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).