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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)

Strong Downtrend (-100) - BRLSRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
3.8105 3.8105 3.8105 3.8105 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 3.9470

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 4.1105

short term down The short-term trend has been DOWN since Sep 15th, 2021 at 4.1315

Smart Scan Analysis for BRLSRD

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

-100
Smart Scan Analysis for BRLSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8105 3.8105 3.8105 3.8105 0.0000
Prev. Close Volume Bid Ask Time
3.8105 3.7730 3.8480 2021-10-22 11:10:54
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