Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Bull Market Weakness (+75) - AUDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDBRL as it may be in the beginning stages of a reversal.
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 DOWN since Nov 6th, 2020 at 3.9169457
The short-term trend has been UP since Nov 23rd, 2020 at 3.9426411
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).