Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Strong Uptrend (+100) - BRLRUB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLRUB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BRLRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been UP since Oct 11th, 2022 at 12.357803
The intermediate-term trend has been UP since Dec 6th, 2022 at 12.151311
The short-term trend has been UP since Mar 28th, 2023 at 14.751759
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).