Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Russian Ruble/Brazilian Real (FOREX:RUBBRL)
Long-Term Uptrend (+90) - RUBBRL is in a strong uptrend that is likely to continue. While RUBBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Dec 24th, 2020 at 0.07049064
The intermediate-term trend has been UP since Feb 9th, 2021 at 0.07324547
The short-term trend has been UP since Feb 23rd, 2021 at 0.07405818
Smart Scan Analysis for RUBBRL
Based on our trend formula, RUBBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).