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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_BRLIDR
Open High Low BRLIDR Price Change
3091.1236 3097.7627 3085.9422 3092.8673 +1.7437
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 3112.7767

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 3130.0835

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 3132.6624

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).

-90
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3091.1236 3097.7627 3085.9422 3092.8673 +1.7437
Prev. Close Volume Bid Ask Time
3091.1236 2024-04-18 06:54:38
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