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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Countertrend Up (+85) - AUDBRL 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 AUDBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDBRL.
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 AUDBRL
The long-term trend has been UP since Dec 14th, 2023 at 3.3043960
The intermediate-term trend has been UP since Feb 23rd, 2024 at 3.2786447
The short-term trend has been UP since May 2nd, 2024 at 3.3689424
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3447444 | 3.3484537 | 3.3442041 | 3.3469590 | +0.0022150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3447444 | 2024-05-09 05:27:39 |