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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

US Dollar/Brazilian Real (FOREX:USDBRL)

Long-Term Uptrend (+90) - USDBRL is in a strong uptrend that is likely to continue. While USDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.1672000 5.1672000 5.1386189 5.1386189 -0.0285810
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Mar 18th, 2024 at 5.0171

intermediate term up The intermediate-term trend has been UP since Jan 17th, 2024 at 4.9379

short term up The short-term trend has been UP since May 22nd, 2024 at 5.1290

Smart Scan Analysis for USDBRL

Based on our trend formula, USDBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1672000 5.1672000 5.1386189 5.1386189 -0.0285810
Prev. Close Volume Bid Ask Time
5.1672000 2024-05-26 08:46:22
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