Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Countertrend Up (+85) - PENMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PENMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PENMXN
The long-term trend has been UP since Apr 18th, 2024 at 4.6866061
The intermediate-term trend has been UP since Sep 30th, 2024 at 5.3006801
The short-term trend has been UP since Dec 19th, 2024 at 5.4352778
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.4444129 | 5.4444129 | 5.4115412 | 5.4115412 | -0.0328720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.4444129 | 2024-12-21 06:23:56 |