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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Strong Downtrend (-100) - BRLMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
3.7353000 3.7530926 3.6769000 3.6955000 -0.0398000
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 3.7027473

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2021 at 3.7261000

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 3.7192000

Smart Scan Analysis for BRLMXN

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

-100
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7353000 3.7530926 3.6769000 3.6955000 -0.0398000
Prev. Close Volume Bid Ask Time
3.7353000 2021-10-18 23:31:34
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