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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.

FOREX_PENUSD
Open High Low PENUSD Price Change
0.29570187 0.29570187 0.29570187 0.29570187 0.00000000
Entry Signal

MarketClub’s Trade Triangles for PENUSD

long term up The long-term trend has been UP since Dec 23rd, 2019 at 0.30159500

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.30083767

short term up 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).

-55
Smart Scan Analysis for PENUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29570187 0.29570187 0.29570187 0.29570187 0.00000000
Prev. Close Volume Bid Ask Time
0.29570187 0.28922428 0.30217945 2020-02-20 07:21:22
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