Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Countertrend Down (-85) - BRLAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jan 6th, 2021 at 0.24238706
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.25150000
The short-term trend has been UP since Feb 26th, 2021 at 0.23410000
Smart Scan Analysis for BRLAUD
Based on our trend formula, BRLAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).