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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Brazilian Real/Russian Ruble (FOREX:BRLRUB)
Countertrend Up (+85) - BRLRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for BRLRUB
The long-term trend has been UP since Sep 27th, 2024 at 17.349520
The intermediate-term trend has been UP since Sep 18th, 2024 at 16.806773
The short-term trend has been UP since Oct 25th, 2024 at 17.047752
Smart Scan Analysis for BRLRUB
Based on our trend formula, BRLRUB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.013601 | 17.144183 | 16.910589 | 17.038212 | +0.024611 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.013601 | 2024-10-25 16:54:50 |