Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Sidelines Mode (+55) - MXNBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.24340114 0.24604972 0.24006546 0.24053039 -0.00287100
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long-term trend has been UP since May 7th, 2020 at 0.23542547

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2020 at 0.22198281

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.24132656

Smart Scan Analysis for MXNBRL

Based on our trend formula, MXNBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24340114 0.24604972 0.24006546 0.24053039 -0.00287100
Prev. Close Volume Bid Ask Time
0.24340114 0.24036794 0.24069283 2020-05-29 17:09:03
Get a free daily analysis and signals for Mexican Peso/Brazilian Real (MXNBRL) - Request Your Free Report.