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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Sidelines Mode (+55) - BRLPEN 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 BRLPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLPEN.
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 BRLPEN
The long-term trend has been DOWN since Mar 8th, 2024 at 0.7473
The intermediate-term trend has been UP since May 3rd, 2024 at 0.7384
The short-term trend has been DOWN since May 8th, 2024 at 0.7303
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7352 | 0.7352 | 0.7293 | 0.7315 | -0.0037 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7352 | 2024-05-08 20:45:39 |