Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Peruvian Nuevo Sol/Euro (FOREX:PENEUR)
Bear Market Rally (-75) - PENEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PENEUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid PENEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENEUR
The long-term trend has been DOWN since Oct 19th, 2023 at 0.24609172
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.24484398
The short-term trend has been UP since Nov 23rd, 2023 at 0.24322355
Smart Scan Analysis for PENEUR
Based on our trend formula, PENEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).