Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Sidelines Mode (+55) - BRLAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLAUD
The long-term trend has been UP since Nov 10th, 2023 at 0.3210
The intermediate-term trend has been DOWN since Nov 23rd, 2023 at 0.3102
The short-term trend has been UP since Dec 5th, 2023 at 0.3089
Smart Scan Analysis for BRLAUD
Based on our trend formula, BRLAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).