Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Long-Term Downtrend (-90) - BRLIDR is in a strong downtrend that is likely to continue. While BRLIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been DOWN since Jul 1st, 2022 at 2807.4582
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 2915.9282
The short-term trend has been DOWN since Jul 1st, 2022 at 2812.3851
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).