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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Mexican Peso/Brazilian Real (FOREX:MXNBRL)

Bull Market Weakness (+75) - MXNBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNBRL as it may be in the beginning stages of a reversal.

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
0.26366816 0.26843210 0.26309549 0.26841289 +0.00474500
Entry Signal

MarketClub’s Trade Triangles for MXNBRL

long term up The long-term trend has been UP since May 7th, 2020 at 0.23542547

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.26352649

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.26727408

Smart Scan Analysis for MXNBRL

Based on our trend formula, MXNBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26366816 0.26843210 0.26309549 0.26841289 +0.00474500
Prev. Close Volume Bid Ask Time
0.26366816 2021-02-26 17:12:07
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