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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.

FOREX_PENGBP
Open High Low PENGBP Price Change
0.18692225 0.18954164 0.18678979 0.18931747 +0.00239500
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term up The long-term trend has been UP since Nov 15th, 2021 at 0.18664182

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 0.17868009

short term up 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).

+90
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18692225 0.18954164 0.18678979 0.18931747 +0.00239500
Prev. Close Volume Bid Ask Time
0.18692225 2022-01-17 12:25:07
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