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.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been UP since Feb 2nd, 2023 at 0.19918337
The intermediate-term trend has been DOWN since May 30th, 2023 at 0.19827896
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).