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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Brazilian Real/Surinamese Dollar (FOREX:BRLSRD)
Long-Term Downtrend (-90) - BRLSRD is in a strong downtrend that is likely to continue. While BRLSRD 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 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.
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MarketClub’s Trade Triangles for BRLSRD
The long-term trend has been DOWN since Oct 3rd, 2023 at 7.722
The intermediate-term trend has been DOWN since Jan 19th, 2024 at 7.438
The short-term trend has been DOWN since Jan 19th, 2024 at 7.438
Smart Scan Analysis for BRLSRD
Based on our trend formula, BRLSRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.618 | 6.618 | 6.618 | 6.618 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.636 | 6.554 | 6.682 | 2024-04-19 10:44:07 |