Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Countertrend Up (+85) - BRLPEN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 5th, 2020 at 0.6494
The short-term trend has been DOWN since Nov 30th, 2020 at 0.6701
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).