Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)
Bull Market Weakness (+75) - BRLSRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLSRD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for BRLSRD
The long-term trend has been UP since Feb 16th, 2022 at 3.9655
The intermediate-term trend has been UP since Jul 26th, 2022 at 4.3000
The short-term trend has been UP since Jul 26th, 2022 at 4.3000
Smart Scan Analysis for BRLSRD
Based on our trend formula, BRLSRD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).