Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
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 DOWN since Dec 1st, 2020 at 5.212326
The intermediate-term trend has been UP since Dec 28th, 2020 at 5.224750
The short-term trend has been UP since Feb 22nd, 2021 at 5.468200
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).