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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Strong Downtrend (-100) - BRLCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLCOP continues to fall. Traders should use caution and set stops.
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 Dec 16th, 2024 at 712.69
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 740.20
The short-term trend has been DOWN since Dec 24th, 2024 at 709.06
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 654.88 | 716.71 | 654.02 | 710.97 | +56.09 |
| Prev. Close | Volume | Bid | Ask | Time |
| 654.88 | 2024-12-26 19:45:40 |