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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 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 Feb 23rd, 2024 at 21.766530
The short-term trend has been DOWN since Apr 15th, 2024 at 21.417938
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 |
|---|---|---|---|---|
| 20.825644 | 20.825644 | 20.824400 | 20.825111 | -0.000533 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.825644 | 2024-04-18 02:33:31 |