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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Sidelines Mode (+55) - AUDBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.2556821 3.2556821 3.2387682 3.2422169 -0.0134650
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 up The intermediate-term trend has been UP since Feb 23rd, 2024 at 3.2786447

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 3.2779323

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2556821 3.2556821 3.2387682 3.2422169 -0.0134650
Prev. Close Volume Bid Ask Time
3.2556821 2024-03-28 07:11:20
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