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.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Aug 23rd, 2019 at 0.24268000
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.24362913
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).