Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Sidelines Mode (+55) - AUDBRL 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 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.
MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been DOWN since Nov 10th, 2023 at 3.1154292
The intermediate-term trend has been UP since Nov 23rd, 2023 at 3.2226910
The short-term trend has been DOWN since Dec 5th, 2023 at 3.2366922
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).