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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Strong Uptrend (+100) - MXNBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_MXNBRL
Open High Low MXNBRL Price Change
0.27918434 0.27946432 0.27912898 0.27941594 +0.00023200
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long-term trend has been UP since Aug 19th, 2021 at 0.27006984

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2021 at 0.26834129

short term up The short-term trend has been UP since Oct 18th, 2021 at 0.26886757

Smart Scan Analysis for MXNBRL

Based on our trend formula, MXNBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27918434 0.27946432 0.27912898 0.27941594 +0.00023200
Prev. Close Volume Bid Ask Time
0.27918434 2021-10-22 05:18:05
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