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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.

FOREX_BRLMXN
Open High Low BRLMXN Price Change
4.6685000 4.7450000 4.6197973 4.6929000 +0.0244000
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long-term trend has been UP since Mar 9th, 2020 at 4.7269

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2020 at 4.4338

short term down 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).

+85
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6685000 4.7450000 4.6197973 4.6929000 +0.0244000
Prev. Close Volume Bid Ask Time
4.6685000 4.6913000 4.6945000 2020-04-08 21:42:18
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