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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.

FOREX_BRLAUD
Open High Low BRLAUD Price Change
0.30780000 0.30960000 0.30760000 0.30840556 +0.00060600
Entry Signal

MarketClub’s Trade Triangles for BRLAUD

long term up The long-term trend has been UP since Nov 10th, 2023 at 0.3210

intermediate term down The intermediate-term trend has been DOWN since Nov 23rd, 2023 at 0.3102

short term up 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).

+55
Smart Scan Analysis for BRLAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30780000 0.30960000 0.30760000 0.30840556 +0.00060600
Prev. Close Volume Bid Ask Time
0.30840556 2023-12-08 20:32:21
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