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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.

FOREX_BRLIDR
Open High Low BRLIDR Price Change
3137.2665 3153.1462 3120.0231 3124.4161 -12.8504
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 3112.7767

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 3120.6799

short term up 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).

-85
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways 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
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