Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Weak Downtrend (-65) - BRLIDR is showing signs of a strengthening downtrend. Monitor BRLIDR as it may be building momentum to the downside.
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 UP since Feb 16th, 2021 at 2813.7133
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 2551.8676
The short-term trend has been DOWN since Feb 25th, 2021 at 2555.7420
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).