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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Weak Downtrend (-65) - BRLUSD is showing signs of a strengthening downtrend. Monitor BRLUSD as it may be building momentum to the downside.

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
0.19593246 0.19641351 0.19496980 0.19590175 -0.00003100
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 down The intermediate-term trend has been DOWN since Jan 17th, 2024 at 0.20251545

short term up The short-term trend has been UP since May 16th, 2024 at 0.19525531

Smart Scan Analysis for BRLUSD

Based on our trend formula, BRLUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19593246 0.19641351 0.19496980 0.19590175 -0.00003100
Prev. Close Volume Bid Ask Time
0.19593246 2024-05-20 20:25:28
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