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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

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
0.7640 0.7674 0.7598 0.7610 -0.0030
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term up The long-term trend has been UP since Oct 19th, 2023 at 0.7703

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2023 at 0.7597

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.7687

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
0.7640 0.7674 0.7598 0.7610 -0.0030
Prev. Close Volume Bid Ask Time
0.7640 2023-12-08 15:16:30
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