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.
MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been DOWN since Apr 7th, 2020 at 748.52
The intermediate-term trend has been DOWN since Apr 3rd, 2020 at 751.58
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).