Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Brazilian Real (FOREX:USDBRL)
Strong Uptrend (+100) - USDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 1st, 2021 at 5.61715
The intermediate-term trend has been UP since Dec 28th, 2020 at 5.22475
The short-term trend has been UP since Mar 8th, 2021 at 5.71370
Smart Scan Analysis for USDBRL
Based on our trend formula, USDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).