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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Brazilian Real/Swiss Franc (FOREX:BRLCHF)

Bear Market Rally (-75) - BRLCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCHF as it may be in the beginning of a reversal.

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.

FOREX_BRLCHF
Open High Low BRLCHF Price Change
0.1764980 0.1767300 0.1761950 0.1765025 +0.0000050
Entry Signal

MarketClub’s Trade Triangles for BRLCHF

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 0.1723000

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.1769895

short term up The short-term trend has been UP since Apr 22nd, 2024 at 0.1755120

Smart Scan Analysis for BRLCHF

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

-75
Smart Scan Analysis for BRLCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1764980 0.1767300 0.1761950 0.1765025 +0.0000050
Prev. Close Volume Bid Ask Time
0.1764980 2024-04-23 07:06:04
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