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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.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.4883000 5.5349068 5.4883000 5.5343000 +0.0460000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 4.12065

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 4.10470

short term down 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).

+65
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4883000 5.5349068 5.4883000 5.5343000 +0.0460000
Prev. Close Volume Bid Ask Time
5.4883000 5.5328000 5.5358000 2020-05-25 04:04:43
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