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Forex Trend Analysis Report

Prepared for you on Wednesday, July 8, 2020.

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
0.23606545 0.23640289 0.23508855 0.23632489 +0.00025900
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 up The intermediate-term trend has been UP since Jul 1st, 2020 at 0.23940020

short term up The short-term trend has been UP since Jul 1st, 2020 at 0.23897239

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
0.23606545 0.23640289 0.23508855 0.23632489 +0.00025900
Prev. Close Volume Bid Ask Time
0.23606545 0.23616902 0.23648075 2020-07-08 02:54:58
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