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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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.
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MarketClub’s Trade Triangles for BRLAUD
The long-term trend has been DOWN since Dec 13th, 2023 at 0.3026
The intermediate-term trend has been UP since Nov 18th, 2024 at 0.2684
The short-term trend has been DOWN since Nov 19th, 2024 at 0.2650
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.2660 | 0.2660 | 0.2640 | 0.2656 | -0.0004 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.2660 | 2024-11-21 07:05:38 |