Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Long-Term Uptrend (+90) - BRLARS is in a strong uptrend that is likely to continue. While BRLARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 18.59910
The intermediate-term trend has been UP since Oct 23rd, 2023 at 69.86720
The short-term trend has been UP since Nov 28th, 2023 at 73.68955
Smart Scan Analysis for BRLARS
Based on our trend formula, BRLARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).