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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.

FOREX_BRLRSD
Open High Low BRLRSD Price Change
17.450322 17.546742 17.450322 17.450322 0.000000
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long-term trend has been DOWN since Feb 28th, 2021 at 17.737022

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2021 at 17.814655

short term down 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).

-75
Smart Scan Analysis for BRLRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.450322 17.546742 17.450322 17.450322 0.000000
Prev. Close Volume Bid Ask Time
17.450322 2021-04-18 21:09:28
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