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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Crossroads (+60) - BRLIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLIDR.
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 BRLIDR
The long-term trend has been DOWN since Mar 8th, 2024 at 3112.7767
The intermediate-term trend has been UP since Apr 26th, 2024 at 3176.5782
The short-term trend has been UP since May 5th, 2024 at 3167.6295
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3156.8616 | 3157.3225 | 3153.8208 | 3155.6531 | -1.2085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3156.8616 | 2024-05-09 00:51:55 |