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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Brazilian Real/ (FOREX:BRLRSD)

Sidelines Mode (-55) - BRLRSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BRLRSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
21.748737 21.748737 21.748552 21.748552 -0.000185
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 21.478368

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 21.766530

short term up The short-term trend has been UP since Mar 20th, 2024 at 21.587535

Smart Scan Analysis for BRLRSD

Based on our trend formula, BRLRSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.748737 21.748737 21.748552 21.748552 -0.000185
Prev. Close Volume Bid Ask Time
21.748737 2024-03-28 01:17:28
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