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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.

FOREX_USDBRL
Open High Low USDBRL Price Change
4.9164099 4.9595000 4.9139099 4.9452000 +0.0287900
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Sep 27th, 2023 at 5.05730

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 4.94456

short term up 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).

+90
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9164099 4.9595000 4.9139099 4.9452000 +0.0287900
Prev. Close Volume Bid Ask Time
4.9164099 2023-12-11 13:22:03
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