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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

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
0.7026 0.7047 0.6966 0.6981 -0.0045
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 May 31st, 2024 at 0.7156

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.7013

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
0.7026 0.7047 0.6966 0.6981 -0.0045
Prev. Close Volume Bid Ask Time
0.7026 2024-06-17 10:52:27
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