Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Crossroads (+60) - BRLCHF 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 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 Jul 1st, 2022 at 0.1801785
The intermediate-term trend has been UP since Aug 8th, 2022 at 0.1866000
The short-term trend has been UP since Aug 15th, 2022 at 0.1860035
Smart Scan Analysis for BRLCHF
Based on our trend formula, BRLCHF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).