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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.

FOREX_BRLMXN
Open High Low BRLMXN Price Change
3.9010000 3.9250086 3.8743000 3.9060379 +0.0050380
Entry Signal

MarketClub’s Trade Triangles for BRLMXN

long term down The long-term trend has been DOWN since Jun 20th, 2022 at 3.9229

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 3.9234

short term up 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).

+50
Smart Scan Analysis for BRLMXN
Strong Downtrend Sideways 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
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