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Forex Trend Analysis Report

Prepared for you on Tuesday, September 28, 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.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.3919000 5.4502952 5.3571500 5.4289000 +0.0370000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long-term trend has been DOWN since May 6th, 2021 at 5.3077236

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2021 at 5.3430979

short term up The short-term trend has been UP since Sep 24th, 2021 at 5.3371834

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
5.3919000 5.4502952 5.3571500 5.4289000 +0.0370000
Prev. Close Volume Bid Ask Time
5.3919000 2021-09-28 19:29:09
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