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.
MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been UP since Oct 4th, 2021 at 3.9542656
The intermediate-term trend has been UP since Sep 8th, 2021 at 3.9084354
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).