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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Sidelines Mode (-55) - BRLCOP 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 BRLCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been DOWN since May 30th, 2023 at 880.35
The intermediate-term trend has been UP since Apr 26th, 2024 at 770.62
The short-term trend has been DOWN since May 8th, 2024 at 762.09
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 765.68 | 765.91 | 765.60 | 765.63 | -0.05 |
| Prev. Close | Volume | Bid | Ask | Time |
| 765.68 | 2024-05-09 04:52:44 |