Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Long-Term Downtrend (-90) - BRLMXN is in a strong downtrend that is likely to continue. While BRLMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLMXN.
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 BRLMXN
The long-term trend has been DOWN since Jan 8th, 2024 at 3.4474
The intermediate-term trend has been DOWN since Nov 17th, 2023 at 3.5377
The short-term trend has been DOWN since Mar 5th, 2024 at 3.4202
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
3.3490 | 3.3490 | 3.3421 | 3.3476 | -0.0014 |
Prev. Close | Volume | Bid | Ask | Time |
3.3490 | 2024-03-19 02:08:21 |