Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Strong Uptrend (+100) - PENMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PENMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Feb 28th, 2020 at 5.7954212
The intermediate-term trend has been UP since Feb 24th, 2020 at 5.6459611
The short-term trend has been UP since Mar 29th, 2020 at 7.0021300
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).