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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Brazilian Real/ (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 ?

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
1.7025 1.7025 1.7025 1.7025 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term down The long-term trend has been DOWN since Aug 21st, 2019 at 1.8225

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 1.8255

short term down The short-term trend has been DOWN since Jan 23rd, 2020 at 1.8255

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
1.7025 1.7025 1.7025 1.7025 0.0000
Prev. Close Volume Bid Ask Time
1.7075 1.6730 1.7320 2020-02-13 23:17:46
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