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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.
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MarketClub’s Trade Triangles for USDBRL
The long-term trend has been DOWN since Feb 2nd, 2023 at 5.0204838
The intermediate-term trend has been UP since Mar 13th, 2023 at 5.2443000
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).
| 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 |