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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Sidelines Mode (+55) - PENMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Apr 16th, 2024 at 4.5282724
The short-term trend has been DOWN since Apr 24th, 2024 at 4.5666818
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5155539 | 4.5199304 | 4.5039051 | 4.5083823 | -0.0071720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5155539 | 2024-05-02 08:28:53 |