Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
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.
MarketClub’s Trade Triangles for BRLMXN
The long-term trend has been UP since Mar 9th, 2020 at 4.7269
The intermediate-term trend has been UP since Mar 1st, 2020 at 4.4338
The short-term trend has been DOWN since Apr 7th, 2020 at 4.6266
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).