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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Strong Downtrend (-100) - BRLPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLPEN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLPEN.
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 BRLPEN
The long-term trend has been DOWN since Mar 8th, 2024 at 0.7473
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.6696
The short-term trend has been DOWN since Dec 24th, 2024 at 0.6012
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.5517 | 0.5522 | 0.5510 | 0.5511 | -0.0006 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.5517 | 2024-12-26 06:25:21 |