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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.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.18628567 0.18634815 0.18627526 0.18632385 +0.00003800
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Aug 23rd, 2019 at 0.24268000

intermediate term up The intermediate-term trend has been UP since May 25th, 2020 at 0.18244856

short term down 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).

+55
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18628567 0.18634815 0.18627526 0.18632385 +0.00003800
Prev. Close Volume Bid Ask Time
0.18628567 0.18627177 0.18637592 2020-06-02 01:50:43
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