Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)

Long-Term Downtrend (-90) - BRLSRD is in a strong downtrend that is likely to continue. While BRLSRD is showing intraday strength, it remains in the confines of a bearish trend. 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
2.5245 2.5245 2.5245 2.5245 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 2.5690

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 2.7285

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 2.6140

Smart Scan Analysis for BRLSRD

Based on our trend formula, BRLSRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5245 2.5245 2.5245 2.5245 0.0000
Prev. Close Volume Bid Ask Time
2.5245 2.5000 2.5490 2021-03-04 22:47:00
Get a free daily analysis and signals for Brazilian Real/Surinamese Dollar (BRLSRD) - Request Your Free Report.