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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Long-Term Downtrend (-90) - BRLMXN is in a strong downtrend that is likely to continue. While BRLMXN 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 BRLMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLMXN.
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 BRLMXN
The long-term trend has been DOWN since Dec 17th, 2024 at 3.2622000
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 3.3387688
The short-term trend has been DOWN since Dec 24th, 2024 at 3.2538065
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.9960 | 3.2820 | 2.9894 | 3.2385 | +0.2425 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.9960 | 2024-12-26 07:26:37 |