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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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
20.403566 20.403566 20.403566 20.403566 0.000000
Entry Signal

MarketClub’s Trade Triangles for BRLRSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 21.478368

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 21.766530

short term up The short-term trend has been UP since Jun 14th, 2024 at 20.419865

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
20.403566 20.403566 20.403566 20.403566 0.000000
Prev. Close Volume Bid Ask Time
20.403566 2024-06-15 06:10:51
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