Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)

Countertrend Down (-85) - BRLIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid ?

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
3183.4638 3184.5957 3152.6388 3157.4556 -26.0082
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Aug 19th, 2019 at 3502.6500

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 3398.7714

short term up The short-term trend has been UP since Feb 14th, 2020 at 3186.1163

Smart Scan Analysis for BRLIDR

Based on our trend formula, BRLIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3183.4638 3184.5957 3152.6388 3157.4556 -26.0082
Prev. Close Volume Bid Ask Time
3183.4638 3155.6797 3159.2314 2020-02-17 16:21:31
Get a free daily analysis and signals for Brazilian Real/Indonesian Rupiah (BRLIDR) - Request Your Free Report.