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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/Argentine Peso (FOREX:BRLARS)
Long-Term Downtrend (-90) - BRLARS is in a strong downtrend that is likely to continue. While BRLARS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BRLARS
The long-term trend has been DOWN since Dec 25th, 2024 at 160.23870
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 165.14180
The short-term trend has been DOWN since Dec 24th, 2024 at 165.36185
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 152.2993 | 166.7466 | 151.9685 | 166.1754 | +13.8761 |
| Prev. Close | Volume | Bid | Ask | Time |
| 152.2993 | 2024-12-26 10:11:49 |