Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

US Dollar/Brazilian Real (FOREX:USDBRL)

Bull Market Weakness (+75) - USDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBRL as it may be in the beginning stages of a reversal.

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
5.9540000 5.9926000 5.9518615 5.9619000 +0.0079000
Entry Signal

MarketClub’s Trade Triangles for USDBRL

long term up The long-term trend has been UP since Mar 18th, 2024 at 5.0171000

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2024 at 5.6350436

short term down The short-term trend has been DOWN since Dec 11th, 2024 at 6.0220556

Smart Scan Analysis for USDBRL

Based on our trend formula, USDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9540000 5.9926000 5.9518615 5.9619000 +0.0079000
Prev. Close Volume Bid Ask Time
5.9540000 2024-12-12 06:46:30
Get a free daily analysis and signals for US Dollar/Brazilian Real (USDBRL) - Request Your Free Report.