Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Brazilian Real/ (FOREX:BRLRSD)
Bear Market Rally (-75) - BRLRSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLRSD as it may be in the beginning of a reversal.
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.
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 Nov 28th, 2023 at 21.908911
The short-term trend has been UP since Dec 1st, 2023 at 21.908911
Smart Scan Analysis for BRLRSD
Based on our trend formula, BRLRSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).