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.
MarketClub’s Trade Triangles for USDBRL
The long-term trend has been UP since Aug 23rd, 2019 at 4.12065
The intermediate-term trend has been UP since Jun 26th, 2020 at 5.41820
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).