Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Bear Market Rally (-75) - PENGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PENGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid PENGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PENGBP
The long-term trend has been DOWN since Jun 18th, 2020 at 0.21691225
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.19639293
The short-term trend has been DOWN since Apr 12th, 2021 at 0.19931261
Smart Scan Analysis for PENGBP
Based on our trend formula, PENGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).