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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.

FOREX_BRLMXN
Open High Low BRLMXN Price Change
3.7700000 3.8247000 3.7625242 3.8085000 +0.0385000
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since May 7th, 2020 at 4.2476000

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 3.8419000

short term up 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).

+60
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7700000 3.8247000 3.7625242 3.8085000 +0.0385000
Prev. Close Volume Bid Ask Time
3.7700000 2020-12-01 13:25:12
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