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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Australian Dollar/Brazilian Real (FOREX:AUDBRL)

Long-Term Uptrend (+90) - AUDBRL is in a strong uptrend that is likely to continue. While AUDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
3.5474218 3.5474218 3.5474218 3.5474218 0.0000000
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 up The short-term trend has been UP since Jun 10th, 2024 at 3.5320767

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).

+90
Smart Scan Analysis for AUDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5474218 3.5474218 3.5474218 3.5474218 0.0000000
Prev. Close Volume Bid Ask Time
3.5474218 2024-06-15 06:10:54
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