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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Weak Downtrend (-65) - AUDBRL is showing signs of a strengthening downtrend. Monitor AUDBRL as it may be building momentum to the downside.

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
3.6981414 3.7014779 3.6977841 3.7010406 +0.0028990
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long-term trend has been UP since Dec 14th, 2023 at 3.3043960

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2024 at 3.7070833

short term down The short-term trend has been DOWN since Oct 2nd, 2024 at 3.7412006

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6981414 3.7014779 3.6977841 3.7010406 +0.0028990
Prev. Close Volume Bid Ask Time
3.6981414 2024-10-08 07:17:10
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