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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Brazilian Real/Russian Ruble (FOREX:BRLRUB)

Countertrend Down (-85) - BRLRUB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_BRLRUB
Open High Low BRLRUB Price Change
16.892488 16.892488 15.942573 16.242848 -0.649640
Entry Signal

MarketClub’s Trade Triangles for BRLRUB

long term down The long-term trend has been DOWN since May 2nd, 2024 at 17.690231

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 18.151664

short term up The short-term trend has been UP since Jun 13th, 2024 at 16.739901

Smart Scan Analysis for BRLRUB

Based on our trend formula, BRLRUB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.892488 16.892488 15.942573 16.242848 -0.649640
Prev. Close Volume Bid Ask Time
16.892488 2024-06-13 10:47:19
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