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Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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.
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MarketClub’s Trade Triangles for USDBRL
The long-term trend has been UP since Sep 30th, 2021 at 5.4733000
The intermediate-term trend has been UP since Sep 20th, 2021 at 5.3430979
The short-term trend has been UP since Oct 18th, 2021 at 5.5291000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6503894 | 5.6549610 | 5.6503894 | 5.6505191 | +0.0001300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6503894 | 2021-10-23 20:57:52 |