Free Daily Analysis

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.

FOREX_BRLPEN
Open High Low BRLPEN Price Change
0.6642 0.6654 0.6524 0.6531 -0.0111
Entry Signal

MarketClub’s Trade Triangles for BRLPEN

long term down The long-term trend has been DOWN since Aug 27th, 2019 at 0.8085

intermediate term up The intermediate-term trend has been UP since May 25th, 2020 at 0.6198

short term down 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).

-75
Smart Scan Analysis for BRLPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6642 0.6654 0.6524 0.6531 -0.0111
Prev. Close Volume Bid Ask Time
0.6642 0.6528 0.6534 2020-08-07 11:52:54
Get a free daily analysis and signals for Brazilian Real/Peruvian Nuevo Sol (BRLPEN) - Request Your Free Report.