Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Bear Market Rally (-75) - BRLCOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCOP as it may be in the beginning 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 Nov 9th, 2020 at 694.73
The short-term trend has been DOWN since Nov 30th, 2020 at 673.03
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).