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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Brazilian Real/Australian Dollar (FOREX:BRLAUD)

Long-Term Downtrend (-90) - BRLAUD is in a strong downtrend that is likely to continue. While BRLAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_BRLAUD
Open High Low BRLAUD Price Change
0.26920000 0.27032077 0.26680000 0.26720000 -0.00200000
Entry Signal

MarketClub’s Trade Triangles for BRLAUD

long term down The long-term trend has been DOWN since Dec 13th, 2023 at 0.3026

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 0.3048

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 0.2696

Smart Scan Analysis for BRLAUD

Based on our trend formula, BRLAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26920000 0.27032077 0.26680000 0.26720000 -0.00200000
Prev. Close Volume Bid Ask Time
0.26959103 2024-07-19 17:04:27
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