Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Bull Market Weakness (+75) - BRLMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLMXN as it may be in the beginning stages of a reversal.
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 3.4474000
The intermediate-term trend has been UP since Apr 18th, 2024 at 3.3300575
The short-term trend has been UP since Apr 18th, 2024 at 3.2551000
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3348 | 3.3504 | 3.3263 | 3.3470 | +0.0122 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3348 | 2024-04-26 06:03:37 |