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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Countertrend Up (+85) - BRLPEN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid BRLPEN?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLPEN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLPEN
Open High Low BRLPEN Price Change
0.6752279 0.6821000 0.6691000 0.6765000 +0.0012720
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term up The long-term trend has been UP since Nov 9th, 2020 at 0.6823

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.6494

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 0.6701

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6752279 0.6821000 0.6691000 0.6765000 +0.0012720
Prev. Close Volume Bid Ask Time
0.6752279 2020-11-30 17:02:19
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