Free United States dollar With Peruvian nuevo sol (USDPEN(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Neutral Hold Hold
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/PEN
Exchange/Country
FX/--

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of United States dollar With Peruvian nuevo sol (USDPEN(Forex)), considering 256 signals with intricate details. Here are the key findings: 41 signals suggested buy strategies, while 97 indicated sell strategies. The remaining 118 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 14
Sell Signals: 21
Neutral Signals: 29
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 12
Sell Signals: 22
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 6
Sell Signals: 27
Neutral Signals: 31
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 9
Sell Signals: 27
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 41
Sell Signals: 97
Neutral Signals: 118
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your United States dollar With Peruvian nuevo sol (USDPEN(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for United States dollar With Peruvian nuevo sol (USDPEN(Forex)) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
United States dollar With Peruvian nuevo sol (USDPEN(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
United States dollar With Peruvian nuevo sol (USDPEN(Forex)) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 3.68% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **United States dollar With Peruvian nuevo sol (USDPEN(Forex))** holdings.

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) Price Analysis and Support Levels:

In our current United States dollar With Peruvian nuevo sol (USDPEN(Forex)) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 3.653 We are closely monitoring the price at the first support level of 3.653, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 3.597 If the first support level at 3.653 is broken, the second support level at 3.597 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 3.485 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 3.485 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading United States dollar With Peruvian nuevo sol (USDPEN(Forex)). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) technical analysis chart

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 3.804 3.847 3.87 4.323 --
Support 3.653 3.597 3.485 -- --
 United States dollar With Peruvian nuevo sol (USDPEN(Forex)) Support and Resistance area (06 Dec)

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

United States dollar With Peruvian nuevo sol (USDPEN(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Hold NeutralNeutralHoldHold
2 04 Dec Buy BuyHoldHoldHold
3 03 Dec Hold NeutralHoldHoldHold
4 02 Dec Hold NeutralHoldHoldHold
5 01 Dec Hold HoldHoldHoldHold
6 29 Nov Hold HoldHoldHoldHold
7 28 Nov Sell HoldHoldHoldSell
8 27 Nov Sell HoldNeutralSellNeutral
9 26 Nov Sell SellSellNeutralHold
10 25 Nov Buy NeutralBuyBuyHold
11 22 Nov Neutral NeutralNeutralNeutralHold
12 21 Nov Buy NeutralBuyHoldBuy
13 20 Nov Hold HoldNeutralHoldNeutral
14 19 Nov Buy BuyHoldHoldHold
15 18 Nov Buy NeutralBuyBuyBuy
16 17 Nov Sell SellNeutralNeutralNeutral
17 15 Nov Hold HoldHoldHoldHold
18 14 Nov Hold HoldHoldHoldHold
19 13 Nov Hold HoldHoldHoldHold
20 12 Nov Buy BuyBuyBuyBuy
21 11 Nov Hold HoldHoldHoldHold
22 10 Nov Sell SellSellSellSell
23 08 Nov Buy NeutralNeutralNeutralBuy
24 07 Nov Hold NeutralNeutralNeutralNeutral
25 06 Nov Hold HoldHoldHoldHold
26 05 Nov Buy BuyHoldHoldHold
27 04 Nov Buy NeutralBuyBuyNeutral
28 03 Nov Sell SellSellSellSell
29 01 Nov Hold HoldHoldHoldHold
30 31 Oct Buy HoldHoldHoldBuy

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