Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Countertrend Down (-85) - BRLPEN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for BRLPEN
The long-term trend has been DOWN since Oct 8th, 2021 at 0.7408394
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.7681000
The short-term trend has been UP since Oct 25th, 2021 at 0.7059000
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).