Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Bull Market Weakness (+75) - BRLUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Nov 17th, 2022 at 0.18431822
The intermediate-term trend has been UP since Jan 12th, 2023 at 0.19529345
The short-term trend has been UP since Jan 24th, 2023 at 0.19356589
Smart Scan Analysis for BRLUSD
Based on our trend formula, BRLUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).