Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Sidelines Mode (-55) - BRLCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Dec 7th, 2020 at 0.1745
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.1697
The short-term trend has been UP since Feb 24th, 2021 at 0.1676
Smart Scan Analysis for BRLCHF
Based on our trend formula, BRLCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).