Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 22, 2020.

Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)

Countertrend Up (+85) - BRLSRD 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 BRLSRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLSRD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLSRD
Open High Low BRLSRD Price Change
2.5255 2.5255 2.5255 2.5255 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLSRD

long term up The long-term trend has been UP since Sep 28th, 2020 at 1.5225

intermediate term up The intermediate-term trend has been UP since Sep 7th, 2020 at 1.3690

short term up The short-term trend has been UP since Sep 3rd, 2020 at 1.3275

Smart Scan Analysis for BRLSRD

Based on our trend formula, BRLSRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BRLSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5255 2.5255 2.5255 2.5255 0.0000
Prev. Close Volume Bid Ask Time
2.5255 2.5010 2.5500 2020-10-22 02:36:51
Get a free daily analysis and signals for Brazilian Real/Surinamese Dollar (BRLSRD) - Request Your Free Report.