Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Brazilian Real/Colombian Peso (FOREX:BRLCOP)
Crossroads (-60) - BRLCOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jan 19th, 2022 at 733.21
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 907.88
The short-term trend has been DOWN since Mar 21st, 2023 at 910.96
Smart Scan Analysis for BRLCOP
Based on our trend formula, BRLCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).