Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Peruvian Nuevo Sol/Mexican Peso (FOREX:PENMXN)
Bull Market Weakness (+75) - PENMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PENMXN as it may be in the beginning stages of a reversal.
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 DOWN since Jun 7th, 2022 at 5.2287461
The intermediate-term trend has been UP since Sep 4th, 2023 at 4.6425758
The short-term trend has been UP since Sep 25th, 2023 at 4.6349423
Smart Scan Analysis for PENMXN
Based on our trend formula, PENMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6498887 | 4.6597929 | 4.6426856 | 4.6594428 | +0.0095540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6498887 | 2023-09-28 04:38:54 |