Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
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.
MarketClub’s Trade Triangles for PENUSD
The long-term trend has been UP since Dec 23rd, 2019 at 0.30159500
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.30083767
The short-term trend has been UP since Feb 17th, 2020 at 0.29554864
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).