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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Long-Term Downtrend (-90) - BRLIDR is in a strong downtrend that is likely to continue. While BRLIDR 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 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
2504.7268 2530.0264 2470.5597 2517.4407 +12.7139
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Sep 27th, 2021 at 2642.2324

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2021 at 2772.1012

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 2544.5174

Smart Scan Analysis for BRLIDR

Based on our trend formula, BRLIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2504.7268 2530.0264 2470.5597 2517.4407 +12.7139
Prev. Close Volume Bid Ask Time
2504.7268 2021-10-22 17:00:32
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