Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Brazilian Real/Indonesian Rupiah (FOREX:BRLIDR)
Long-Term Uptrend (+90) - BRLIDR is in a strong uptrend that is likely to continue. While BRLIDR 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 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 Mar 18th, 2021 at 2623.7782
The short-term trend has been UP since Apr 15th, 2021 at 2591.5094
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).