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Forex Trend Analysis Report

Prepared for you on Thursday, December 1, 2022.

Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)

Sidelines Mode (-55) - BRLPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.7396 0.7469 0.7339 0.7370 -0.0026
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Nov 10th, 2022 at 0.7230

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2022 at 0.7375

short term up The short-term trend has been UP since Nov 29th, 2022 at 0.7271

Smart Scan Analysis for BRLPEN

Based on our trend formula, BRLPEN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7396 0.7469 0.7339 0.7370 -0.0026
Prev. Close Volume Bid Ask Time
0.7396 2022-12-01 15:33:46
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