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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Brazilian Real/Peruvian Nuevo Sol (FOREX:BRLPEN)
Crossroads (+60) - BRLPEN is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for BRLPEN
The long-term trend has been DOWN since Mar 8th, 2024 at 0.74730000
The intermediate-term trend has been UP since Jan 9th, 2025 at 0.62323356
The short-term trend has been UP since Jan 28th, 2025 at 0.63540000
Smart Scan Analysis for BRLPEN
Based on our trend formula, BRLPEN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6426 | 0.6426 | 0.6423 | 0.6425 | -0.0001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6426 | 2025-02-05 01:26:36 |