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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/Brazilian Real (FOREX:USDBRL)
Countertrend Up (+85) - USDBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Mar 18th, 2024 at 5.0171000
The intermediate-term trend has been UP since Oct 11th, 2024 at 5.6350436
The short-term trend has been DOWN since Nov 3rd, 2024 at 5.7550592
Smart Scan Analysis for USDBRL
Based on our trend formula, USDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.7921 | 5.7922 | 5.7921 | 5.7922 | +0.0001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.7921 | 2024-11-05 04:22:50 |