Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Strong Uptrend (+100) - AUDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jan 6th, 2021 at 4.1260696
The intermediate-term trend has been UP since Dec 28th, 2020 at 3.9667499
The short-term trend has been UP since Mar 1st, 2021 at 4.3826236
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).