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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Countertrend Up (+85) - AUDBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.1888453 3.2087417 3.1460064 3.2085176 +0.0196720
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long-term trend has been UP since Sep 19th, 2019 at 2.8309500

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2020 at 3.2067396

short term down The short-term trend has been DOWN since Apr 3rd, 2020 at 3.1508032

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1888453 3.2087417 3.1460064 3.2085176 +0.0196720
Prev. Close Volume Bid Ask Time
3.1888453 3.2062960 3.2107391 2020-04-03 17:10:35
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