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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.

FOREX_AUDBRL
Open High Low AUDBRL Price Change
3.2452039 3.2481762 3.2307141 3.2425561 -0.0026480
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term down The long-term trend has been DOWN since Nov 10th, 2023 at 3.1154292

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2023 at 3.2226910

short term down 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).

+55
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2452039 3.2481762 3.2307141 3.2425561 -0.0026480
Prev. Close Volume Bid Ask Time
3.2425561 2023-12-08 20:32:21
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