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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Sidelines Mode (-50) - AUDBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDBRL can gain momentum.

Is it time to buy, sell, or avoid AUDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDBRL
Open High Low AUDBRL Price Change
3.8923126 3.9001024 3.8885039 3.8885834 -0.0037290
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long-term trend has been UP since Dec 14th, 2023 at 3.3043960

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 3.7393129

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 3.8804029

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8923126 3.9001024 3.8885039 3.8885834 -0.0037290
Prev. Close Volume Bid Ask Time
3.8923126 2024-12-08 23:47:56
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