Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)
Strong Downtrend (-100) - PENGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PENGBP continues to fall. Traders should use caution and set stops.
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 May 8th, 2023 at 0.20948518
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.21053506
The short-term trend has been DOWN since Nov 24th, 2023 at 0.21226654
Smart Scan Analysis for PENGBP
Based on our trend formula, PENGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).