Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
US Dollar/Brazilian Real (FOREX:USDBRL)
Crossroads (+60) - USDBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDBRL
The long-term trend has been UP since Sep 27th, 2023 at 5.0573
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 5.0098
The short-term trend has been DOWN since Nov 27th, 2023 at 4.8849
Smart Scan Analysis for USDBRL
Based on our trend formula, USDBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).