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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Russian Ruble/Brazilian Real (FOREX:RUBBRL)
Sidelines Mode (-55) - RUBBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for RUBBRL
The long-term trend has been DOWN since Oct 1st, 2024 at 0.05757082
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 0.05752479
The short-term trend has been UP since Nov 29th, 2024 at 0.05583996
Smart Scan Analysis for RUBBRL
Based on our trend formula, RUBBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05753395 | 0.05815028 | 0.05752252 | 0.05812617 | +0.00059200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05753395 | 2024-12-05 04:27:25 |