Forex Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Weak Uptrend (+65) - BRLCOP is showing signs of weakening momentum to the upside. Monitor BRLCOP as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been UP since Jan 19th, 2022 at 733.21
The intermediate-term trend has been UP since Jun 30th, 2022 at 797.05
The short-term trend has been DOWN since Aug 11th, 2022 at 836.23
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).