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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Crossroads (+60) - BRLMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLMXN.
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 BRLMXN
The long-term trend has been UP since Feb 2nd, 2025 at 3.5899
The intermediate-term trend has been DOWN since Apr 9th, 2025 at 3.4305
The short-term trend has been DOWN since May 2nd, 2025 at 3.4411
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4484 | 3.4498 | 3.4311 | 3.4468 | -0.0016 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4484 | 2025-05-09 07:14:03 |