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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)

Bull Market Weakness (+75) - BRLSRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLSRD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid BRLSRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSRD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLSRD
Open High Low BRLSRD Price Change
2.6505 2.6505 2.6505 2.6505 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term up The long-term trend has been UP since Sep 28th, 2020 at 1.5225

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2020 at 2.5405

short term up The short-term trend has been UP since Nov 8th, 2020 at 2.5105

Smart Scan Analysis for BRLSRD

Based on our trend formula, BRLSRD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for BRLSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6505 2.6505 2.6505 2.6505 0.0000
Prev. Close Volume Bid Ask Time
2.6505 2.6250 2.6760 2020-11-23 00:17:47
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