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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Bear Market Rally (-75) - BRLCOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCOP as it may be in the beginning of a reversal.

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.

FOREX_BRLCOP
Open High Low BRLCOP Price Change
698.9135 700.1100 694.1000 694.9200 -3.9935
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 748.52

intermediate term down The intermediate-term trend has been DOWN since Apr 3rd, 2020 at 751.58

short term down The short-term trend has been DOWN since May 29th, 2020 at 684.45

Smart Scan Analysis for BRLCOP

Based on our trend formula, BRLCOP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
698.9135 700.1100 694.1000 694.9200 -3.9935
Prev. Close Volume Bid Ask Time
698.9135 694.7200 695.1200 2020-06-01 11:14:27
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