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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/Brazilian Real (FOREX:USDBRL)
Sidelines Mode (+55) - USDBRL 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 USDBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBRL.
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 USDBRL
The long-term trend has been UP since Mar 18th, 2024 at 5.0171
The intermediate-term trend has been UP since Jan 17th, 2024 at 4.9379
The short-term trend has been DOWN since Apr 22nd, 2024 at 5.1854
Smart Scan Analysis for USDBRL
Based on our trend formula, USDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.1601000 | 5.1653083 | 5.1089000 | 5.1163000 | -0.0438000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.1601000 | 2024-04-26 19:22:33 |