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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.
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MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been UP since Oct 3rd, 2022 at 2949.4725
The intermediate-term trend has been UP since May 14th, 2023 at 3019.4515
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).
| 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 |