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Forex Trend Analysis Report

Prepared for you on Friday, July 10, 2020.

US Dollar/Brazilian Real (FOREX:USDBRL)

Strong Uptrend (+100) - USDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid USDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.3390 5.3929 5.3364 5.3503 +0.0113
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 4.12065

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2020 at 5.41820

short term up The short-term trend has been UP since Jul 7th, 2020 at 5.37830

Smart Scan Analysis for USDBRL

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

+100
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3390 5.3929 5.3364 5.3503 +0.0113
Prev. Close Volume Bid Ask Time
5.3390 5.3488 5.3518 2020-07-10 09:37:38
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