Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Sidelines Mode (+55) - BRLIDR 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 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 UP since Feb 16th, 2021 at 2813.7133
The intermediate-term trend has been UP since Feb 16th, 2021 at 2633.5082
The short-term trend has been DOWN since Feb 25th, 2021 at 2555.7420
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).