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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Bull Market Weakness (+75) - BRLPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLPEN as it may be in the beginning stages of a reversal.

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
0.7576 0.7686 0.7575 0.7681 +0.0105
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Jun 17th, 2022 at 0.7212

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.7448

short term up The short-term trend has been UP since Aug 5th, 2022 at 0.7512

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7576 0.7686 0.7575 0.7681 +0.0105
Prev. Close Volume Bid Ask Time
0.7576 2022-08-08 16:34:18
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