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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Strong Downtrend (-100) - AUDBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDBRL continues to fall. Traders should use caution and set stops.

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
3.4238864 3.4238864 3.3833463 3.3871151 -0.0367710
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 3.4301494

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 3.5289568

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 3.4835572

Smart Scan Analysis for AUDBRL

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

-100
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4238864 3.4238864 3.3833463 3.3871151 -0.0367710
Prev. Close Volume Bid Ask Time
3.4238864 2023-03-31 11:01:54
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