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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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
274.03138 274.03138 273.48074 273.66428 -0.36710
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Aug 19th, 2019 at 3502.65000

intermediate term up The intermediate-term trend has been UP since May 25th, 2020 at 273.11366

short term down The short-term trend has been DOWN since May 29th, 2020 at 273.29720

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
274.03138 274.03138 273.48074 273.66428 -0.36710
Prev. Close Volume Bid Ask Time
274.03138 273.29720 274.03137 2020-06-02 01:56:19
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