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Forex Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

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
5.5349 5.5355 5.5349 5.5355 +0.0006
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Sep 30th, 2021 at 5.4733000

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 5.5518886

short term down The short-term trend has been DOWN since Jan 7th, 2022 at 5.6380000

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
5.5349 5.5355 5.5349 5.5355 +0.0006
Prev. Close Volume Bid Ask Time
5.5349 2022-01-16 21:13:41
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