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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Russian Ruble/Brazilian Real (FOREX:RUBBRL)

Long-Term Uptrend (+90) - RUBBRL is in a strong uptrend that is likely to continue. While RUBBRL 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 RUBBRL?

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

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

FOREX_RUBBRL
Open High Low RUBBRL Price Change
0.06524721 0.06525604 0.06361994 0.06380468 -0.00144300
Entry Signal

MarketClub’s Trade Triangles for RUBBRL

long term up The long-term trend has been UP since Jun 4th, 2024 at 0.05885866

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 0.05885866

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.06137208

Smart Scan Analysis for RUBBRL

Based on our trend formula, RUBBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for RUBBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06524721 0.06525604 0.06361994 0.06380468 -0.00144300
Prev. Close Volume Bid Ask Time
0.06524721 2024-06-20 04:28:54
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