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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Weak Downtrend (-65) - BRLCOP is showing signs of a strengthening downtrend. Monitor BRLCOP as it may be building momentum to the downside.

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
813.68 813.68 813.63 813.68 0.00
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 down The intermediate-term trend has been DOWN since Sep 13th, 2023 at 800.90

short term up The short-term trend has been UP since Sep 25th, 2023 at 808.87

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).

-65
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
813.68 813.68 813.63 813.68 0.00
Prev. Close Volume Bid Ask Time
813.68 2023-09-28 03:38:58
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