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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been UP since Sep 26th, 2024 at 776.08
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 740.20
The short-term trend has been DOWN since Nov 17th, 2024 at 763.41
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 760.85 | 761.30 | 760.22 | 760.22 | -0.63 |
| Prev. Close | Volume | Bid | Ask | Time |
| 760.85 | 2024-11-20 03:51:15 |