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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been DOWN since Mar 8th, 2024 at 3112.7767
The intermediate-term trend has been DOWN since May 15th, 2024 at 3097.5135
The short-term trend has been DOWN since Jul 17th, 2024 at 2956.1876
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2886.9845 | 2900.4021 | 2870.5200 | 2878.2661 | -8.7184 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2886.9845 | 2024-07-26 17:00:04 |