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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.
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MarketClub’s Trade Triangles for BRLSRD
The long-term trend has been DOWN since Mar 3rd, 2021 at 2.5690
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 2.7285
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).
| 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 |