Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Brazilian Real/ (FOREX:BRLRSD)
Bull Market Weakness (+75) - BRLRSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLRSD as it may be in the beginning stages 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 UP since Mar 8th, 2023 at 21.759733
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 20.987307
The short-term trend has been UP since Mar 27th, 2023 at 20.794987
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).