Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
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 Sep 28th, 2020 at 1.5225
The intermediate-term trend has been UP since Nov 8th, 2020 at 2.5405
The short-term trend has been UP since Nov 8th, 2020 at 2.5105
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).