Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Bull Market Weakness (+75) - BRLARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLARS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLARS
The long-term trend has been UP since Jan 11th, 2022 at 18.599100
The intermediate-term trend has been UP since Jul 11th, 2022 at 24.163074
The short-term trend has been DOWN since Aug 17th, 2022 at 26.177161
Smart Scan Analysis for BRLARS
Based on our trend formula, BRLARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).