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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.

FOREX_PENEUR
Open High Low PENEUR Price Change
0.24690014 0.24690014 0.24690014 0.24690014 0.00000000
Entry Signal

MarketClub’s Trade Triangles for PENEUR

long term down The long-term trend has been DOWN since Oct 19th, 2023 at 0.24609172

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.24484398

short term up 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).

-75
Smart Scan Analysis for PENEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24690014 0.24690014 0.24690014 0.24690014 0.00000000
Prev. Close Volume Bid Ask Time
0.24690014 2023-12-08 22:32:21
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