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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

US Dollar/Brazilian Real (FOREX:USDBRL)

Sidelines Mode (+55) - USDBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.2429 5.2429 5.2429 5.2429 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 5.0204838

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 5.2443000

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 5.2294000

Smart Scan Analysis for USDBRL

Based on our trend formula, USDBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2429 5.2429 5.2429 5.2429 0.0000
Prev. Close Volume Bid Ask Time
5.2429 2023-03-22 00:02:33
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