Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Sidelines Mode (-55) - BRLARS 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 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 DOWN since Feb 26th, 2020 at 13.972300
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 14.555497
The short-term trend has been UP since Apr 6th, 2020 at 12.347071
Smart Scan Analysis for BRLARS
Based on our trend formula, BRLARS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).