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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Weak Downtrend (-65) - AUDBRL is showing signs of a strengthening downtrend. Monitor AUDBRL as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been UP since Dec 14th, 2023 at 3.3043960
The intermediate-term trend has been DOWN since Sep 17th, 2024 at 3.7070833
The short-term trend has been DOWN since Oct 2nd, 2024 at 3.7412006
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6981414 | 3.7014779 | 3.6977841 | 3.7010406 | +0.0028990 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6981414 | 2024-10-08 07:17:10 |