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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Strong Downtrend (-100) - BRLRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLRUB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRUB.
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 BRLRUB
The long-term trend has been DOWN since May 2nd, 2024 at 17.690231
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 18.151664
The short-term trend has been DOWN since May 9th, 2024 at 17.914901
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.102066 | 18.292519 | 17.911727 | 17.955305 | -0.146761 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.102066 | 2024-05-09 11:37:07 |