Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
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.
MarketClub’s Trade Triangles for USDBRL
The long-term trend has been UP since Sep 27th, 2023 at 5.05730
The intermediate-term trend has been UP since Dec 4th, 2023 at 4.94456
The short-term trend has been UP since Nov 30th, 2023 at 4.92130
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).