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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

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, BRLMXN 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
3.8049 3.8351 3.7944 3.8096 +0.0047
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since Jun 20th, 2022 at 3.9229

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 3.9728

short term down The short-term trend has been DOWN since Jul 4th, 2022 at 3.7967

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
3.8049 3.8351 3.7944 3.8096 +0.0047
Prev. Close Volume Bid Ask Time
3.8049 2022-07-05 18:35:55
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