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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Countertrend Up (+85) - AUDBRL 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 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
4.0532605 4.0532605 4.0532605 4.0532605 0.0000000
Entry Signal

MarketClub’s Trade Triangles for AUDBRL

long term up The long-term trend has been UP since Oct 4th, 2021 at 3.9542656

intermediate term up The intermediate-term trend has been UP since Sep 8th, 2021 at 3.9084354

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 4.0522099

Smart Scan Analysis for AUDBRL

Based on our trend formula, AUDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0532605 4.0532605 4.0532605 4.0532605 0.0000000
Prev. Close Volume Bid Ask Time
4.0532605 2021-10-17 21:09:10
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