Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Countertrend Up (+85) - COPBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid COPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPBRL
The long-term trend has been UP since Sep 30th, 2021 at 0.00141898
The intermediate-term trend has been UP since Aug 16th, 2021 at 0.00137231
The short-term trend has been DOWN since Oct 25th, 2021 at 0.00146835
Smart Scan Analysis for COPBRL
Based on our trend formula, COPBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).