Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)

Crossroads (-60) - CNYBRL 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 CNYBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNYBRL Price	Change
0.7143636	0.7187977	0.7143449	0.7180413	+0.0036780
Entry Signal

MarketClub’s Trade Triangles for CNYBRL

The long-term trend has been UP since Oct 2nd, 2023 at 0.7052132

The intermediate-term trend has been DOWN since May 6th, 2024 at 0.7153053

The short-term trend has been DOWN since May 3rd, 2024 at 0.7208733

Smart Scan Analysis for CNYBRL

Based on our trend formula, CNYBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.7143636	0.7187977	0.7143449	0.7180413	+0.0036780
Prev. Close	Volume	Bid	Ask	Time
0.7143636				2024-05-09 05:03:27

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