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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Strong Downtrend (-100) - BRLAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLAUD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLAUD.
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 BRLAUD
The long-term trend has been DOWN since Dec 13th, 2023 at 0.3026
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.3048
The short-term trend has been DOWN since May 9th, 2024 at 0.2959
Smart Scan Analysis for BRLAUD
Based on our trend formula, BRLAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.2986 | 0.2993 | 0.2936 | 0.2937 | -0.0049 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.2986 | 2024-05-09 09:41:00 |