Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Sidelines Mode (+55) - COPBRL 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 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 DOWN since Jan 3rd, 2022 at 0.00136829
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.00110606
The short-term trend has been DOWN since Mar 16th, 2023 at 0.00108680
Smart Scan Analysis for COPBRL
Based on our trend formula, COPBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).