Forex Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
Peruvian Nuevo Sol/US Dollar (FOREX:PENUSD)
Strong Downtrend (-100) - PENUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 30th, 2021 at 0.26508082
The intermediate-term trend has been DOWN since Aug 2nd, 2021 at 0.25204216
The short-term trend has been DOWN since Sep 15th, 2021 at 0.24422917
Smart Scan Analysis for PENUSD
Based on our trend formula, PENUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).