Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Bull Market Weakness (+75) - BRLCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLCOP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been DOWN since Apr 7th, 2020 at 748.52
The intermediate-term trend has been UP since Apr 19th, 2021 at 656.06
The short-term trend has been UP since Apr 19th, 2021 at 653.44
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).