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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Australian Dollar/Brazilian Real (FOREX:AUDBRL)
Long-Term Downtrend (-90) - AUDBRL is in a strong downtrend that is likely to continue. While AUDBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for AUDBRL
The long-term trend has been DOWN since Mar 7th, 2023 at 3.4301494
The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 3.5289568
The short-term trend has been DOWN since Mar 24th, 2023 at 3.4835572
Smart Scan Analysis for AUDBRL
Based on our trend formula, AUDBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4792106 | 3.4796010 | 3.4411475 | 3.4646502 | -0.0145600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4792106 | 2023-03-28 17:49:07 |