Forex Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Long-Term Uptrend (+90) - BRLRUB is in a strong uptrend that is likely to continue. While BRLRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since May 10th, 2021 at 14.253908
The intermediate-term trend has been UP since Mar 22nd, 2021 at 13.615106
The short-term trend has been UP since Jun 16th, 2021 at 14.335036
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).