Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

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, BRLSRD 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
5.6135 5.6135 5.6135 5.6135 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 7.722

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2024 at 7.438

short term down The short-term trend has been DOWN since May 28th, 2024 at 6.269

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
5.6135 5.6135 5.6135 5.6135 0.0000
Prev. Close Volume Bid Ask Time
5.6135 5.5590 5.6680 2024-06-24 11:30:22
Get a free daily analysis and signals for Brazilian Real/Surinamese Dollar (BRLSRD) - Request Your Free Report.