Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Crossroads (-60) - PENGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 17th, 2020 at 0.23359348
The intermediate-term trend has been DOWN since May 28th, 2020 at 0.23585273
The short-term trend has been DOWN since May 26th, 2020 at 0.23898250
Smart Scan Analysis for PENGBP
Based on our trend formula, PENGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).