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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Countertrend Down (-85) - MXNBRL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MXNBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNBRL.
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 MXNBRL
The long-term trend has been DOWN since Feb 2nd, 2025 at 0.27877943
The intermediate-term trend has been DOWN since Jan 9th, 2025 at 0.29632890
The short-term trend has been UP since Feb 4th, 2025 at 0.28573784
Smart Scan Analysis for MXNBRL
Based on our trend formula, MXNBRL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28399799 | 0.28782695 | 0.28038585 | 0.28093676 | -0.00306100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28399799 | 2025-02-04 23:44:16 |