Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Countertrend Down (-85) - BRLCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid BRLCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLCHF
The long-term trend has been DOWN since Oct 6th, 2021 at 0.16766821
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.17216200
The short-term trend has been UP since Oct 25th, 2021 at 0.16450000
Smart Scan Analysis for BRLCHF
Based on our trend formula, BRLCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).