Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Mar 1st, 2021 at 0.17802623
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.19139672
The short-term trend has been UP since Mar 4th, 2021 at 0.17991114
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).