Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
Brazilian Real/US Dollar (FOREX:BRLUSD)
Crossroads (+60) - BRLUSD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Sep 30th, 2021 at 0.18270515
The intermediate-term trend has been UP since Jan 12th, 2022 at 0.18011542
The short-term trend has been UP since Jan 19th, 2022 at 0.18201345
Smart Scan Analysis for BRLUSD
Based on our trend formula, BRLUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).