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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Bull Market Weakness (+75) - BRLIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLIDR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid BRLIDR?

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.

FOREX_BRLIDR
Open High Low BRLIDR Price Change
2908.1056 2915.8268 2885.6932 2897.8216 -10.2840
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 2807.4582

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 2860.6201

short term up The short-term trend has been UP since Aug 5th, 2022 at 2877.0826

Smart Scan Analysis for BRLIDR

Based on our trend formula, BRLIDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2908.1056 2915.8268 2885.6932 2897.8216 -10.2840
Prev. Close Volume Bid Ask Time
2908.1056 2022-08-09 16:01:36
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