Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Brazilian Real/ (FOREX:BRLRSD)
Bear Market Rally (-75) - BRLRSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLRSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BRLRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLRSD
The long-term trend has been DOWN since Feb 28th, 2021 at 17.737022
The intermediate-term trend has been UP since Mar 19th, 2021 at 17.814655
The short-term trend has been DOWN since Apr 12th, 2021 at 17.536429
Smart Scan Analysis for BRLRSD
Based on our trend formula, BRLRSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).