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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.
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MarketClub’s Trade Triangles for BRLUSD
The long-term trend has been DOWN since Mar 18th, 2024 at 0.19931835
The intermediate-term trend has been UP since Aug 12th, 2024 at 0.18209962
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).
| 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 |