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Forex Trend Analysis Report
Prepared for you on Wednesday, December 4, 2024.
Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)
Sidelines Mode (-55) - BRLSRD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 15th, 2024 at 5.6580
The intermediate-term trend has been DOWN since Nov 29th, 2024 at 6.0165
The short-term trend has been UP since Sep 20th, 2024 at 5.2560
Smart Scan Analysis for BRLSRD
Based on our trend formula, BRLSRD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.9415 | 5.9415 | 5.9415 | 5.9415 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.9415 | 5.8840 | 5.9990 | 2024-11-29 09:22:08 |