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.
MarketClub’s Trade Triangles for MXNBRL
The long-term trend has been UP since Aug 19th, 2021 at 0.27006984
The intermediate-term trend has been UP since Oct 13th, 2021 at 0.26834129
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).