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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Bear Market Rally (-75) - BRLPEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLPEN as it may be in the beginning 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
0.7417 0.7448 0.7417 0.7419 +0.0002
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 Feb 20th, 2024 at 0.7645

short term up The short-term trend has been UP since Mar 20th, 2024 at 0.7423

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7417 0.7448 0.7417 0.7419 +0.0002
Prev. Close Volume Bid Ask Time
0.7417 2024-03-29 03:34:40
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