Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Countertrend Down (-85) - BRLIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been DOWN since Aug 19th, 2019 at 3502.6500
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 3398.7714
The short-term trend has been UP since Feb 14th, 2020 at 3186.1163
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).