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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Brazilian Real/Colombian Peso (FOREX:BRLCOP)

Countertrend Down (-85) - BRLCOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_BRLCOP
Open High Low BRLCOP Price Change
749.24 759.28 744.58 751.19 +1.95
Entry Signal

MarketClub’s Trade Triangles for BRLCOP

long term down The long-term trend has been DOWN since May 30th, 2023 at 880.35

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 785.06

short term up The short-term trend has been UP since Apr 19th, 2024 at 751.18

Smart Scan Analysis for BRLCOP

Based on our trend formula, BRLCOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
749.24 759.28 744.58 751.19 +1.95
Prev. Close Volume Bid Ask Time
749.24 2024-04-19 17:04:32
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