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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Brazilian Real/ (FOREX:BRLRSD)
Long-Term Downtrend (-90) - BRLRSD is in a strong downtrend that is likely to continue. While BRLRSD 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 BRLRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRSD.
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 BRLRSD
The long-term trend has been DOWN since Oct 6th, 2023 at 21.478368
The intermediate-term trend has been DOWN since Oct 16th, 2024 at 18.964880
The short-term trend has been DOWN since Oct 25th, 2024 at 18.964500
Smart Scan Analysis for BRLRSD
Based on our trend formula, BRLRSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.023843 | 19.023843 | 18.958050 | 19.012524 | -0.011319 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.023843 | 2024-10-25 12:46:30 |