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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.

FOREX_BRLCOP
Open High Low BRLCOP Price Change
710.75 710.92 710.60 710.76 +0.01
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 748.52

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 656.06

short term up 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).

+70
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
710.75 710.92 710.60 710.76 +0.01
Prev. Close Volume Bid Ask Time
710.75 2021-05-12 06:16:10
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