Index Trend Analysis Report
Prepared for you on Wednesday, September 23, 2020.
Direxion Daily Brazil Bull 3X Shares (GIF:BRZU)
Crossroads (-60) - BRZU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRZU?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRZU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRZU
The long-term trend has been UP since Apr 23rd, 2020 at 41.3570
The intermediate-term trend has been DOWN since Sep 21st, 2020 at 76.6327
The short-term trend has been DOWN since Sep 18th, 2020 at 78.9473
Smart Scan Analysis for BRZU
Based on our trend formula, BRZU is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).