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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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
22.074057 22.074057 22.074057 22.074057 0.000000
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 21.478368

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 21.908911

short term up 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).

-75
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.074057 22.074057 22.074057 22.074057 0.000000
Prev. Close Volume Bid Ask Time
22.074057 2023-12-01 12:43:07
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