Index Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Direxion Daily Brazil Bull 3X Shares (GIF:BRZU)
Long-Term Uptrend (+90) - BRZU is in a strong uptrend that is likely to continue. While BRZU 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 BRZU?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRZU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRZU
The long-term trend has been UP since Apr 23rd, 2020 at 41.3570
The intermediate-term trend has been UP since Apr 23rd, 2020 at 2.1513
The short-term trend has been UP since May 18th, 2020 at 48.5872
Smart Scan Analysis for BRZU
Based on our trend formula, BRZU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).