Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Strong Downtrend (-100) - BRLUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.22758828 0.22867599 0.22703540 0.22782160 +0.00023300
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Aug 23rd, 2019 at 0.24268000

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.24362913

short term down The short-term trend has been DOWN since Feb 18th, 2020 at 0.23066455

Smart Scan Analysis for BRLUSD

Based on our trend formula, BRLUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22758828 0.22867599 0.22703540 0.22782160 +0.00023300
Prev. Close Volume Bid Ask Time
0.22758828 0.22774374 0.22789945 2020-02-21 16:58:20
Get a free daily analysis and signals for Brazilian Real/US Dollar (BRLUSD) - Request Your Free Report.