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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Bear Market Rally (-75) - BRLMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLMXN as it may be in the beginning 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.
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MarketClub’s Trade Triangles for BRLMXN
The long-term trend has been DOWN since Jul 2nd, 2024 at 3.2015
The intermediate-term trend has been DOWN since Jun 30th, 2024 at 3.2714
The short-term trend has been UP since Jul 24th, 2024 at 3.2665
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2630 | 3.2772 | 3.2424 | 3.2635 | +0.0005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2630 | 2024-07-26 17:03:50 |