Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
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.
MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been UP since May 6th, 2021 at 1.2151490
The intermediate-term trend has been DOWN since Jul 6th, 2021 at 1.2496718
The short-term trend has been DOWN since Jul 30th, 2021 at 1.2490119
Smart Scan Analysis for BRLCNY
Based on our trend formula, BRLCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).