Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Bull Market Weakness (+75) - BRLCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_BRLCOP
Open High Low BRLCOP Price Change
763.57 763.60 763.56 763.59 +0.02
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term down The long-term trend has been DOWN since May 30th, 2023 at 880.35

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2024 at 759.15

short term up The short-term trend has been UP since Jun 20th, 2024 at 769.85

Smart Scan Analysis for BRLCOP

Based on our trend formula, BRLCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
763.57 763.60 763.56 763.59 +0.02
Prev. Close Volume Bid Ask Time
763.57 2024-06-21 03:10:23
Get a free daily analysis and signals for Brazilian Real/Colombian Peso (BRLCOP) - Request Your Free Report.