Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)
Countertrend Up (+85) - BRLSRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLSRD
The long-term trend has been UP since Sep 22nd, 2022 at 5.2745
The intermediate-term trend has been UP since Sep 22nd, 2023 at 7.9090
The short-term trend has been UP since Sep 22nd, 2023 at 7.8910
Smart Scan Analysis for BRLSRD
Based on our trend formula, BRLSRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.9105 | 7.9105 | 7.9105 | 7.9105 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.9105 | 7.8340 | 7.9870 | 2023-09-22 10:06:42 |