Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/Brazilian Real (FOREX:USDBRL)
Weak Uptrend (+65) - USDBRL is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for USDBRL
The long-term trend has been UP since Aug 23rd, 2019 at 4.12065
The intermediate-term trend has been UP since Jan 13th, 2020 at 4.10470
The short-term trend has been DOWN since May 17th, 2020 at 5.76180
Smart Scan Analysis for USDBRL
Based on our trend formula, USDBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).