Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
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 DOWN since Aug 5th, 2019 at 0.2448
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 0.2389
The short-term trend has been UP since Apr 6th, 2020 at 0.1860
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).