Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Strong Downtrend (-100) - BRLRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been DOWN since Aug 19th, 2021 at 13.675421
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 13.695878
The short-term trend has been DOWN since Oct 15th, 2021 at 12.920045
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).