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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.

FOREX_USDBRL
Open High Low USDBRL Price Change
5.4412000 5.4423353 5.3910000 5.4062386 -0.0349610
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term down The long-term trend has been DOWN since Dec 1st, 2020 at 5.212326

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 5.224750

short term up 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).

+60
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4412000 5.4423353 5.3910000 5.4062386 -0.0349610
Prev. Close Volume Bid Ask Time
5.4412000 2021-02-24 18:43:42
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