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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Strong Downtrend (-100) - BRLIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLIDR continues to fall. 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.
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MarketClub’s Trade Triangles for BRLIDR
The long-term trend has been DOWN since Mar 8th, 2024 at 3112.7767
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 3130.0835
The short-term trend has been DOWN since Apr 15th, 2024 at 3132.6624
Smart Scan Analysis for BRLIDR
Based on our trend formula, BRLIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3123.3077 | 3129.0917 | 3080.5796 | 3093.5115 | -29.7962 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3123.3077 | 2024-04-16 16:06:21 |