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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Countertrend Down (-85) - BRLUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Mar 18th, 2024 at 0.19931835
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.17877256
The short-term trend has been UP since Nov 18th, 2024 at 0.17353882
Smart Scan Analysis for BRLUSD
Based on our trend formula, BRLUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.17322318 | 0.17330423 | 0.17307028 | 0.17307028 | -0.00015300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.17322318 | 2024-11-20 03:36:32 |