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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Strong Downtrend (-100) - BRLUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.17723898 0.17734640 0.17446223 0.17616801 -0.00107100
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Mar 1st, 2021 at 0.17802623

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.19139672

short term down The short-term trend has been DOWN since Feb 19th, 2021 at 0.18336849

Smart Scan Analysis for BRLUSD

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

-100
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17723898 0.17734640 0.17446223 0.17616801 -0.00107100
Prev. Close Volume Bid Ask Time
0.17723898 2021-03-02 21:44:31
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