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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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.

FOREX_AUDBRL
Open High Low AUDBRL Price Change
3.3169850 3.3590892 3.3094873 3.3404120 +0.0234270
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 up The intermediate-term trend has been UP since Feb 23rd, 2024 at 3.2786447

short term up The short-term trend has been UP since Apr 15th, 2024 at 3.3300921

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).

+100
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3169850 3.3590892 3.3094873 3.3404120 +0.0234270
Prev. Close Volume Bid Ask Time
3.3169850 2024-04-15 10:40:17
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