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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.

FOREX_BRLIDR
Open High Low BRLIDR Price Change
2694.8948 2731.4342 2660.5688 2703.0793 +8.1845
Entry Signal

MarketClub’s Trade Triangles for BRLIDR

long term up The long-term trend has been UP since Feb 16th, 2021 at 2813.7133

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2021 at 2623.7782

short term up 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).

+90
Smart Scan Analysis for BRLIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2694.8948 2731.4342 2660.5688 2703.0793 +8.1845
Prev. Close Volume Bid Ask Time
2694.8948 2021-05-06 14:33:31
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