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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Peruvian Nuevo Sol/Colombian Peso (FOREX:PENCOP)
Sidelines Mode (+50) - PENCOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PENCOP can gain momentum.
Is it time to buy, sell, or avoid PENCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PENCOP
The long-term trend has been DOWN since Apr 17th, 2023 at 1170.3751
The intermediate-term trend has been UP since Apr 18th, 2024 at 1041.8287
The short-term trend has been UP since Apr 18th, 2024 at 1036.0397
Smart Scan Analysis for PENCOP
Based on our trend formula, PENCOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1043.3955 | 1043.3955 | 1043.3955 | 1043.3955 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1043.3955 | 2024-04-18 07:26:27 |