Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Crossroads (-60) - BRLCOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_BRLCOP
Open High Low BRLCOP Price Change
899.65 899.73 899.61 899.67 +0.02
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term up The long-term trend has been UP since Jan 19th, 2022 at 733.21

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 907.88

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 910.96

Smart Scan Analysis for BRLCOP

Based on our trend formula, BRLCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
899.65 899.73 899.61 899.67 +0.02
Prev. Close Volume Bid Ask Time
899.65 2023-03-28 00:18:54
Get a free daily analysis and signals for Brazilian Real/Colombian Peso (BRLCOP) - Request Your Free Report.