Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Crossroads (+60) - BRLMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since May 7th, 2020 at 4.2476000
The intermediate-term trend has been UP since Nov 9th, 2020 at 3.8419000
The short-term trend has been UP since Nov 30th, 2020 at 3.7851161
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).