Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 7, 2024.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Sidelines Mode (+50) - MXNBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MXNBRL can gain 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 DOWN since Aug 20th, 2024 at 0.28392237
The intermediate-term trend has been UP since Nov 6th, 2024 at 0.29255029
The short-term trend has been UP since Nov 6th, 2024 at 0.29106565
Smart Scan Analysis for MXNBRL
Based on our trend formula, MXNBRL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28150839 | 0.28335571 | 0.28104505 | 0.28335571 | +0.00184700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28150839 | 2024-11-07 05:09:45 |