Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
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 DOWN since Sep 19th, 2019 at 0.3531
The intermediate-term trend has been UP since May 27th, 2020 at 0.2860
The short-term trend has been DOWN since May 29th, 2020 at 0.2768
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).