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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Weak Downtrend (-65) - BRLPEN is showing signs of a strengthening downtrend. Monitor BRLPEN as it may be building momentum to the downside.

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.

FOREX_BRLPEN
Open High Low BRLPEN Price Change
0.6742 0.6743 0.6742 0.6742 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term up The long-term trend has been UP since Nov 9th, 2020 at 0.6823

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.6877

short term down The short-term trend has been DOWN since Feb 17th, 2021 at 0.6781

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6742 0.6743 0.6742 0.6742 0.0000
Prev. Close Volume Bid Ask Time
0.6742 2021-02-25 02:38:27
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