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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.

FOREX_USDBRL
Open High Low USDBRL Price Change
4.9061000 4.9066101 4.9051523 4.9061000 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Sep 27th, 2023 at 5.0573

intermediate term down The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 5.0098

short term down 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).

+60
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9061000 4.9066101 4.9051523 4.9061000 0.0000000
Prev. Close Volume Bid Ask Time
4.9061000 2023-11-30 06:37:14
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