Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Bull Market Weakness (+75) - MXNBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNBRL as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MXNBRL
The long-term trend has been UP since May 7th, 2020 at 0.23542547
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.26352649
The short-term trend has been UP since Feb 26th, 2021 at 0.26727408
Smart Scan Analysis for MXNBRL
Based on our trend formula, MXNBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).