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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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, SHORTSYMBOL 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.

FOREX_BRLIDR
Open High Low BRLIDR Price Change
2524.8763 2528.6217 2492.9015 2509.7663 -15.1100
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term down The long-term trend has been DOWN since Sep 27th, 2021 at 2642.2324

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2021 at 2772.1012

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 2544.5174

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).

-100
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2524.8763 2528.6217 2492.9015 2509.7663 -15.1100
Prev. Close Volume Bid Ask Time
2524.8763 2021-10-21 10:21:42
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