Forex Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Strong Downtrend (-100) - PENMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for PENMXN
The long-term trend has been DOWN since Apr 21st, 2021 at 5.3849736
The intermediate-term trend has been DOWN since May 25th, 2021 at 5.2081904
The short-term trend has been DOWN since Jul 28th, 2021 at 5.0994856
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).