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.
MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been DOWN since Sep 27th, 2021 at 2642.2324
The intermediate-term trend has been DOWN since Jul 7th, 2021 at 2772.1012
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).