Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Countertrend Down (-85) - BRLIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Mar 8th, 2024 at 3120.6799
The short-term trend has been UP since Mar 14th, 2024 at 3139.6893
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
3137.2665 | 3153.1462 | 3120.0231 | 3124.4161 | -12.8504 |
Prev. Close | Volume | Bid | Ask | Time |
3137.2665 | 2024-03-18 22:36:39 |