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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Brazilian Real/ (FOREX:BRLRSD)

Strong Downtrend (-100) - BRLRSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLRSD continues to fall. 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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
19.500000 19.500000 19.323626 19.338388 -0.161612
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 Feb 23rd, 2024 at 21.766530

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 19.758572

Smart Scan Analysis for BRLRSD

Based on our trend formula, BRLRSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.500000 19.500000 19.323626 19.338388 -0.161612
Prev. Close Volume Bid Ask Time
19.500000 2024-07-19 11:52:54
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