Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Long-Term Uptrend (+90) - AUDBRL is in a strong uptrend that is likely to continue. While AUDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been UP since Sep 19th, 2019 at 2.8309500
The intermediate-term trend has been UP since Jan 13th, 2020 at 2.8419482
The short-term trend has been UP since Jan 30th, 2020 at 2.8593614
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).