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Forex Trend Analysis Report

Prepared for you on Saturday, December 14, 2024.

Brazilian Real/Mexican Peso (FOREX:BRLMXN)

Sidelines Mode (-55) - BRLMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BRLMXN
Open High Low BRLMXN Price Change
3.3716 3.3759 3.3120 3.3316 -0.0400
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term up The long-term trend has been UP since Aug 21st, 2024 at 3.5336000

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2024 at 3.3387688

short term up The short-term trend has been UP since Dec 11th, 2024 at 3.3574000

Smart Scan Analysis for BRLMXN

Based on our trend formula, BRLMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3716 3.3759 3.3120 3.3316 -0.0400
Prev. Close Volume Bid Ask Time
3.3716 2024-12-13 17:06:30
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