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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Brazilian Real/Russian Ruble (FOREX:BRLRUB)

Sidelines Mode (+55) - BRLRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BRLRUB
Open High Low BRLRUB Price Change
18.125399 18.125399 17.851473 17.930778 -0.194621
Entry Signal

MarketClub’s Trade Triangles for BRLRUB

long term up The long-term trend has been UP since Feb 23rd, 2024 at 19.138149

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 18.151664

short term up The short-term trend has been UP since Apr 22nd, 2024 at 18.060628

Smart Scan Analysis for BRLRUB

Based on our trend formula, BRLRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.125399 18.125399 17.851473 17.930778 -0.194621
Prev. Close Volume Bid Ask Time
18.125399 2024-04-24 15:54:59
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