Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
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 Sep 7th, 2020 at 14.358552
The intermediate-term trend has been UP since Nov 2nd, 2020 at 14.006422
The short-term trend has been UP since Nov 26th, 2020 at 14.265295
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).