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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Bull Market Weakness (+75) - PENGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENGBP as it may be in the beginning stages 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
0.21257305 0.21267169 0.21249119 0.21263155 +0.00005800
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term down The long-term trend has been DOWN since May 8th, 2023 at 0.20948518

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 0.20988296

short term up The short-term trend has been UP since Mar 8th, 2024 at 0.21019039

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21257305 0.21267169 0.21249119 0.21263155 +0.00005800
Prev. Close Volume Bid Ask Time
0.21257305 2024-03-19 01:14:54
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