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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Brazilian Real/ (FOREX:BRLRSD)
Crossroads (+60) - BRLRSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BRLRSD
The long-term trend has been DOWN since Oct 6th, 2023 at 21.478368
The intermediate-term trend has been UP since Nov 18th, 2024 at 19.209554
The short-term trend has been UP since Nov 18th, 2024 at 19.198845
Smart Scan Analysis for BRLRSD
Based on our trend formula, BRLRSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.200328 | 19.247130 | 19.108146 | 19.108146 | -0.092182 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.200328 | 2024-11-21 08:42:16 |