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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Sidelines Mode (-55) - BRLUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BRLUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.18196046 0.18196377 0.18189426 0.18190419 -0.00005600
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 0.19931835

intermediate term up The intermediate-term trend has been UP since Aug 12th, 2024 at 0.18209962

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 0.18256505

Smart Scan Analysis for BRLUSD

Based on our trend formula, BRLUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18196046 0.18196377 0.18189426 0.18190419 -0.00005600
Prev. Close Volume Bid Ask Time
0.18196046 2024-10-08 07:33:11
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