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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

US Dollar/Peruvian Nuevo Sol (FOREX:USDPEN)

Bear Market Rally (-75) - USDPEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDPEN as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid USDPEN?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDPEN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDPEN
Open High Low USDPEN Price Change
3.7275 3.7275 3.7185 3.7185 -0.0090
Entry Signal

MarketClub’s Trade Triangles for USDPEN

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 3.6900000

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 3.6953261

short term up The short-term trend has been UP since May 15th, 2024 at 3.7215000

Smart Scan Analysis for USDPEN

Based on our trend formula, USDPEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7275 3.7275 3.7185 3.7185 -0.0090
Prev. Close Volume Bid Ask Time
3.7149 2024-05-16 11:32:50
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