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.
MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been UP since Sep 19th, 2019 at 2.8309500
The intermediate-term trend has been UP since Mar 30th, 2020 at 3.2067396
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).