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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Brazilian Real/Russian Ruble (FOREX:BRLRUB)

Long-Term Downtrend (-90) - BRLRUB is in a strong downtrend that is likely to continue. While BRLRUB is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_BRLRUB
Open High Low BRLRUB Price Change
15.882581 15.898693 15.646480 15.649099 -0.233482
Entry Signal

MarketClub’s Trade Triangles for BRLRUB

long term down The long-term trend has been DOWN since May 2nd, 2024 at 17.690231

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

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 16.108707

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).

-90
Smart Scan Analysis for BRLRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.882581 15.898693 15.646480 15.649099 -0.233482
Prev. Close Volume Bid Ask Time
15.858296 2024-07-19 16:03:45
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