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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

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

Is it time to buy, sell, or avoid MXNBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNBRL
Open High Low MXNBRL Price Change
0.28719763 0.28885976 0.28392237 0.28428633 -0.00291100
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.29070316

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 0.30381760

short term down The short-term trend has been DOWN since May 28th, 2024 at 0.30724878

Smart Scan Analysis for MXNBRL

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

-100
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28719763 0.28885976 0.28392237 0.28428633 -0.00291100
Prev. Close Volume Bid Ask Time
0.28719763 2024-06-12 21:02:32
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