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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Sidelines Mode (-55) - BRLRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been UP since Feb 23rd, 2024 at 19.138149
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 18.151664
The short-term trend has been UP since Apr 22nd, 2024 at 18.060628
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.094265 | 18.228596 | 17.967985 | 18.185578 | +0.091313 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.094265 | 2024-04-23 16:05:50 |