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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.

FOREX_BRLUSD
Open High Low BRLUSD Price Change
0.19571771 0.19574070 0.19571388 0.19574070 +0.00002300
Entry Signal

MarketClub’s Trade Triangles for BRLUSD

long term down The long-term trend has been DOWN since Nov 17th, 2022 at 0.18431822

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2023 at 0.19529345

short term up 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).

+70
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19571771 0.19574070 0.19571388 0.19574070 +0.00002300
Prev. Close Volume Bid Ask Time
0.19571771 2023-01-29 23:13:27
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