Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Sidelines Mode (+55) - BRLUSD 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 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 Aug 23rd, 2019 at 0.24268000
The intermediate-term trend has been UP since May 25th, 2020 at 0.18244856
The short-term trend has been DOWN since May 29th, 2020 at 0.18360754
Smart Scan Analysis for BRLUSD
Based on our trend formula, BRLUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).