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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Sidelines Mode (+55) - PENUSD 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 PENUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PENUSD.
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 PENUSD
The long-term trend has been UP since Mar 18th, 2024 at 0.27110121
The intermediate-term trend has been UP since Apr 8th, 2024 at 0.27137063
The short-term trend has been DOWN since Apr 14th, 2024 at 0.27102022
Smart Scan Analysis for PENUSD
Based on our trend formula, PENUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.27100681 | 0.27100681 | 0.27100681 | 0.27100681 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.27007636 | 2024-04-14 22:04:00 |