Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Long-Term Uptrend (+90) - PENGBP is in a strong uptrend that is likely to continue. While PENGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Nov 15th, 2021 at 0.18664182
The intermediate-term trend has been UP since Sep 28th, 2021 at 0.17868009
The short-term trend has been UP since Jan 10th, 2022 at 0.18717358
Smart Scan Analysis for PENGBP
Based on our trend formula, PENGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).