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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Sidelines Mode (+55) - BRLIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3001.1056 3007.8353 2979.0753 2980.2367 -20.8689
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term up The long-term trend has been UP since Oct 3rd, 2022 at 2949.4725

intermediate term up The intermediate-term trend has been UP since May 14th, 2023 at 3019.4515

short term down The short-term trend has been DOWN since May 25th, 2023 at 2973.1017

Smart Scan Analysis for BRLIDR

Based on our trend formula, BRLIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3001.1056 3007.8353 2979.0753 2980.2367 -20.8689
Prev. Close Volume Bid Ask Time
3001.1056 2023-05-29 18:09:17
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