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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Long-Term Uptrend (+90) - BRLARS is in a strong uptrend that is likely to continue. While BRLARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BRLARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLARS.
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 BRLARS
The long-term trend has been UP since Jan 11th, 2022 at 18.5991
The intermediate-term trend has been UP since May 3rd, 2024 at 172.9593
The short-term trend has been UP since May 2nd, 2024 at 171.7121
Smart Scan Analysis for BRLARS
Based on our trend formula, BRLARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 173.74588 | 173.77497 | 173.15558 | 173.17906 | -0.56682 |
| Prev. Close | Volume | Bid | Ask | Time |
| 173.74588 | 2024-05-09 04:22:23 |