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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Strong Downtrend (-100) - BRLPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLPEN continues to fall. Traders should use caution and set stops.

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
0.7224 0.7245 0.7179 0.7204 -0.0020
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Nov 10th, 2022 at 0.7230

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2023 at 0.7297

short term down The short-term trend has been DOWN since Mar 10th, 2023 at 0.7265

Smart Scan Analysis for BRLPEN

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

-100
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7224 0.7245 0.7179 0.7204 -0.0020
Prev. Close Volume Bid Ask Time
0.7224 2023-03-21 22:37:15
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