Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_BRLPEN
Open High Low BRLPEN Price Change
0.6562 0.6566 0.6560 0.6563 +0.0001
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 0.7473

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.6696

short term up The short-term trend has been UP since Nov 13th, 2024 at 0.6592

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6562 0.6566 0.6560 0.6563 +0.0001
Prev. Close Volume Bid Ask Time
0.6562 2024-11-20 03:04:41
Get a free daily analysis and signals for Brazilian Real/Peruvian Nuevo Sol (BRLPEN) - Request Your Free Report.