Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Bear Market Rally (-75) - BRLPEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLPEN as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for BRLPEN
The long-term trend has been DOWN since Aug 27th, 2019 at 0.8085
The intermediate-term trend has been UP since May 25th, 2020 at 0.6198
The short-term trend has been DOWN since Jul 29th, 2020 at 0.6753
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).