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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.

FOREX_PENGBP
Open High Low PENGBP Price Change
0.18828811 0.18849544 0.18804883 0.18812177 -0.00016600
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term down The long-term trend has been DOWN since Jun 18th, 2020 at 0.21691225

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 0.19639293

short term down 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).

-75
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18828811 0.18849544 0.18804883 0.18812177 -0.00016600
Prev. Close Volume Bid Ask Time
0.18828811 2021-05-07 06:51:05
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