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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Sidelines Mode (-55) - BRLPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open High Low BRLPEN Price Change
0.6191 0.6197 0.6175 0.6197 +0.0006
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Aug 27th, 2019 at 0.8085

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.8082

short term up The short-term trend has been UP since May 15th, 2020 at 0.5956

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6191 0.6197 0.6175 0.6197 +0.0006
Prev. Close Volume Bid Ask Time
0.6191 0.6194 0.6200 2020-05-24 21:38:58
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