Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Russian Ruble/Brazilian Real (FOREX:RUBBRL)
Sidelines Mode (+55) - RUBBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RUBBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBBRL
The long-term trend has been UP since Oct 5th, 2023 at 0.05444231
The intermediate-term trend has been UP since Oct 5th, 2023 at 0.05280751
The short-term trend has been DOWN since Dec 1st, 2023 at 0.05427400
Smart Scan Analysis for RUBBRL
Based on our trend formula, RUBBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).