Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been DOWN since Jan 12th, 2021 at 13.501454
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 13.659439
The short-term trend has been UP since Feb 22nd, 2021 at 13.814477
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).