Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Long-Term Downtrend (-90) - BRLUSD is in a strong downtrend that is likely to continue. While BRLUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Sep 30th, 2021 at 0.18270515
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.18716079
The short-term trend has been DOWN since Oct 18th, 2021 at 0.18083184
Smart Scan Analysis for BRLUSD
Based on our trend formula, BRLUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).