Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

US Dollar/Brazilian Real (FOREX:USDBRL)

Strong Uptrend (+100) - USDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid USDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.6929000 5.8767000 5.6894173 5.8752000 +0.1823000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Mar 1st, 2021 at 5.61715

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 5.22475

short term up The short-term trend has been UP since Mar 8th, 2021 at 5.71370

Smart Scan Analysis for USDBRL

Based on our trend formula, USDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6929000 5.8767000 5.6894173 5.8752000 +0.1823000
Prev. Close Volume Bid Ask Time
5.6929000 2021-03-08 19:37:17
Get a free daily analysis and signals for US Dollar/Brazilian Real (USDBRL) - Request Your Free Report.