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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Bull Market Weakness (+75) - AUDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDBRL as it may be in the beginning stages of a reversal.

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.

FOREX_AUDBRL
Open High Low AUDBRL Price Change
3.9809827 4.0067343 3.9792014 4.0046974 +0.0237150
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 2.8309500

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2020 at 3.9169457

short term up The short-term trend has been UP since Nov 23rd, 2020 at 3.9426411

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9809827 4.0067343 3.9792014 4.0046974 +0.0237150
Prev. Close Volume Bid Ask Time
3.9809827 2020-11-24 03:46:41
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