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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Strong Downtrend (-100) - BRLPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLPEN continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BRLPEN
The long-term trend has been DOWN since Nov 10th, 2022 at 0.7230
The intermediate-term trend has been DOWN since Feb 9th, 2023 at 0.7297
The short-term trend has been DOWN since Mar 10th, 2023 at 0.7265
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7224 | 0.7245 | 0.7179 | 0.7204 | -0.0020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7224 | 2023-03-21 22:37:15 |