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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Peruvian Nuevo Sol/British Pound (FOREX:PENGBP)

Crossroads (-60) - PENGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.23469560 0.23555216 0.23347262 0.23480210 +0.00010700
Entry Signal

MarketClub’s Trade Triangles for PENGBP

long term up The long-term trend has been UP since Mar 17th, 2020 at 0.23359348

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2020 at 0.23585273

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.23898250

Smart Scan Analysis for PENGBP

Based on our trend formula, PENGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for PENGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23469560 0.23555216 0.23347262 0.23480210 +0.00010700
Prev. Close Volume Bid Ask Time
0.23469560 0.23478327 0.23482092 2020-06-01 13:29:13
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