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Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Sidelines Mode (-55) - MXNBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNBRL
The long-term trend has been UP since Jun 20th, 2022 at 0.25470856
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.25494194
The short-term trend has been UP since Aug 11th, 2022 at 0.25472677
Smart Scan Analysis for MXNBRL
Based on our trend formula, MXNBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.25866626 | 0.25899632 | 0.25528583 | 0.25563806 | -0.00302800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.25866626 | 2022-08-12 17:01:45 |