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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Bull Market Weakness (+75) - BRLMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLMXN as it may be in the beginning stages of a reversal.

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
3.2570 3.3035 3.2525 3.3020 +0.0450
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since Jan 8th, 2024 at 3.4474000

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 3.3300575

short term up The short-term trend has been UP since Apr 18th, 2024 at 3.2551000

Smart Scan Analysis for BRLMXN

Based on our trend formula, BRLMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2570 3.3035 3.2525 3.3020 +0.0450
Prev. Close Volume Bid Ask Time
3.2570 2024-04-22 09:36:22
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