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Forex Trend Analysis Report
Prepared for you on Saturday, August 20, 2022.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Sidelines Mode (+50) - BRLMXN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BRLMXN can gain momentum.
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 Jun 20th, 2022 at 3.9229
The intermediate-term trend has been UP since Jul 28th, 2022 at 3.9234
The short-term trend has been UP since Aug 19th, 2022 at 3.9084
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9010000 | 3.9250086 | 3.8743000 | 3.9060379 | +0.0050380 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.9010000 | 2022-08-19 17:04:55 |