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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Long-Term Downtrend (-90) - BRLPEN is in a strong downtrend that is likely to continue. While BRLPEN is showing intraday strength, it remains in the confines of a bearish trend. 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 Mar 8th, 2024 at 0.7473
The intermediate-term trend has been DOWN since May 31st, 2024 at 0.7156
The short-term trend has been DOWN since Jul 11th, 2024 at 0.6902
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6644 | 0.6684 | 0.6600 | 0.6623 | -0.0021 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6644 | 2024-07-26 17:03:20 |