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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

US Dollar/Brazilian Real (FOREX:USDBRL)

Bull Market Weakness (+75) - USDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBRL as it may be in the beginning stages of a reversal.

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
5.1684000 5.2177000 5.1650425 5.1699000 +0.0015000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Jun 23rd, 2022 at 5.2158

intermediate term down The intermediate-term trend has been DOWN since Jul 27th, 2022 at 5.2515

short term up The short-term trend has been UP since Aug 11th, 2022 at 5.1662

Smart Scan Analysis for USDBRL

Based on our trend formula, USDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1684000 5.2177000 5.1650425 5.1699000 +0.0015000
Prev. Close Volume Bid Ask Time
5.1684000 2022-08-19 19:52:30
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