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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/ (FOREX:BRLRSD)
Countertrend Down (-85) - BRLRSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Dec 9th, 2024 at 18.163608
The short-term trend has been UP since Dec 20th, 2024 at 18.470165
Smart Scan Analysis for BRLRSD
Based on our trend formula, BRLRSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.168827 | 18.193470 | 18.110796 | 18.134505 | -0.034322 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.598273 | 2024-12-24 17:13:34 |