Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Long-Term Downtrend (-90) - BRLRUB is in a strong downtrend that is likely to continue. While BRLRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been DOWN since Oct 31st, 2023 at 18.291833
The intermediate-term trend has been DOWN since Oct 6th, 2023 at 18.994595
The short-term trend has been DOWN since Nov 30th, 2023 at 18.068688
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).