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Forex Trend Analysis Report

Prepared for you on Thursday, February 6, 2025.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Countertrend Up (+85) - BRLMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.5482 3.5663 3.5336 3.5507 +0.0025
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long-term trend has been UP since Feb 2nd, 2025 at 3.5899

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2025 at 3.3764

short term down The short-term trend has been DOWN since Feb 4th, 2025 at 3.4982

Smart Scan Analysis for BRLMXN

Based on our trend formula, BRLMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5482 3.5663 3.5336 3.5507 +0.0025
Prev. Close Volume Bid Ask Time
3.5482 2025-02-06 15:18:39
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