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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Long-Term Downtrend (-90) - BRLCOP is in a strong downtrend that is likely to continue. While BRLCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BRLCOP
The long-term trend has been DOWN since May 30th, 2023 at 880.35
The intermediate-term trend has been DOWN since Jul 1st, 2024 at 732.64
The short-term trend has been DOWN since Jul 19th, 2024 at 719.88
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 714.18 | 718.54 | 709.45 | 713.08 | -1.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 714.18 | 2024-07-26 17:03:50 |