Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Brazilian Real/Mexican Peso (FOREX:BRLMXN)
Bear Market Rally (-75) - BRLMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLMXN as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for BRLMXN
The long-term trend has been DOWN since May 7th, 2020 at 4.2476
The intermediate-term trend has been UP since Nov 9th, 2020 at 3.8419
The short-term trend has been DOWN since Nov 20th, 2020 at 3.7428
Smart Scan Analysis for BRLMXN
Based on our trend formula, BRLMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).