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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)

Weak Downtrend (-65) - BRLCNY is showing signs of a strengthening downtrend. Monitor BRLCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid BRLCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLCNY
Open High Low BRLCNY Price Change
1.2541514 1.2552182 1.2535532 1.2537786 -0.0003730
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 1.4327931

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2024 at 1.2581553

short term up The short-term trend has been UP since Nov 18th, 2024 at 1.2542883

Smart Scan Analysis for BRLCNY

Based on our trend formula, BRLCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BRLCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2541514 1.2552182 1.2535532 1.2537786 -0.0003730
Prev. Close Volume Bid Ask Time
1.2541514 2024-11-20 03:22:11
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