Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Russian Ruble/Brazilian Real (FOREX:RUBBRL)
Strong Uptrend (+100) - RUBBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, RUBBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Aug 19th, 2021 at 0.07311284
The intermediate-term trend has been UP since Sep 17th, 2021 at 0.07303817
The short-term trend has been UP since Oct 15th, 2021 at 0.07740652
Smart Scan Analysis for RUBBRL
Based on our trend formula, RUBBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).