Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Russian Ruble/Brazilian Real (FOREX:RUBBRL)
Bull Market Weakness (+75) - RUBBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RUBBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RUBBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for RUBBRL
The long-term trend has been DOWN since Jan 25th, 2024 at 0.05014243
The intermediate-term trend has been UP since Mar 6th, 2024 at 0.05440389
The short-term trend has been UP since May 6th, 2024 at 0.05556518
Smart Scan Analysis for RUBBRL
Based on our trend formula, RUBBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05555932 | 0.05648368 | 0.05554294 | 0.05636364 | +0.00080400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05555932 | 2024-05-09 13:38:48 |