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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Weak Uptrend (+65) - BRLUSD is showing signs of weakening momentum to the upside. Monitor BRLUSD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid BRLUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.20353336 0.20355822 0.20351679 0.20353336 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term up The long-term trend has been UP since Feb 2nd, 2023 at 0.19918337

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2023 at 0.19827896

short term up The short-term trend has been UP since Jun 2nd, 2023 at 0.19995603

Smart Scan Analysis for BRLUSD

Based on our trend formula, BRLUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20353336 0.20355822 0.20351679 0.20353336 0.00000000
Prev. Close Volume Bid Ask Time
0.20353336 2023-06-07 01:32:45
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