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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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
21.112071 21.375786 21.100435 21.375786 +0.263715
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term up The long-term trend has been UP since Mar 8th, 2023 at 21.759733

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 20.987307

short term up 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).

+75
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.112071 21.375786 21.100435 21.375786 +0.263715
Prev. Close Volume Bid Ask Time
21.112071 2023-03-31 17:08:19
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