Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Weak Downtrend (-65) - BRLPEN is showing signs of a strengthening downtrend. Monitor BRLPEN as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for BRLPEN
The long-term trend has been UP since Nov 9th, 2020 at 0.6823
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.6877
The short-term trend has been DOWN since Feb 17th, 2021 at 0.6781
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).