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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

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

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.

FOREX_BRLMXN
Open High Low BRLMXN Price Change
3.7090 3.7219 3.6958 3.7199 +0.0109
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since May 7th, 2020 at 4.2476

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2021 at 3.7980

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 3.7405

Smart Scan Analysis for BRLMXN

Based on our trend formula, BRLMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7090 3.7219 3.6958 3.7199 +0.0109
Prev. Close Volume Bid Ask Time
3.7090 2021-03-01 06:12:02
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