Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Brazilian Real/Australian Dollar (FOREX:BRLAUD)
Long-Term Downtrend (-90) - BRLAUD is in a strong downtrend that is likely to continue. While BRLAUD 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
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLAUD
The long-term trend has been DOWN since Sep 19th, 2019 at 0.3531
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.3518
The short-term trend has been DOWN since Feb 3rd, 2020 at 0.3482
Smart Scan Analysis for BRLAUD
Based on our trend formula, BRLAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).