Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Bear Market Rally (-75) - BRLAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLAUD as it may be in the beginning of a reversal.
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 Sep 19th, 2019 at 0.3531
The intermediate-term trend has been UP since Mar 18th, 2020 at 0.3476
The short-term trend has been DOWN since Mar 24th, 2020 at 0.3270
Smart Scan Analysis for BRLAUD
Based on our trend formula, BRLAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).