Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Weak Downtrend (-65) - BRLMXN is showing signs of a strengthening downtrend. Monitor BRLMXN as it may be building momentum to the downside.
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 May 7th, 2020 at 4.2476
The intermediate-term trend has been UP since Feb 19th, 2021 at 3.7980
The short-term trend has been DOWN since Feb 26th, 2021 at 3.7405
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7090 | 3.7219 | 3.6958 | 3.7199 | +0.0109 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7090 | 2021-03-01 06:12:02 |
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