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Forex Trend Analysis Report

Prepared for you on Saturday, December 21, 2024.

Brazilian Real/US Dollar (FOREX:BRLUSD)

Countertrend Down (-85) - BRLUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.16252500 0.16543419 0.16180707 0.16428185 +0.00175700
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 Oct 9th, 2024 at 0.17877256

short term up The short-term trend has been UP since Dec 20th, 2024 at 0.16489950

Smart Scan Analysis for BRLUSD

Based on our trend formula, BRLUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16252500 0.16543419 0.16180707 0.16428185 +0.00175700
Prev. Close Volume Bid Ask Time
0.16252500 2024-12-20 17:02:41
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