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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.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.17637308 0.17665986 0.17501795 0.17571297 -0.00066000
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Mar 1st, 2021 at 0.17802623

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.19139672

short term up 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).

-85
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17637308 0.17665986 0.17501795 0.17571297 -0.00066000
Prev. Close Volume Bid Ask Time
0.17637308 2021-03-05 16:59:37
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