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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

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
1.3458679 1.3588302 1.3458600 1.3545547 +0.0086870
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term down The long-term trend has been DOWN since Dec 14th, 2022 at 1.2944290

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.3107812

short term up The short-term trend has been UP since Mar 27th, 2023 at 1.3126690

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
1.3458679 1.3588302 1.3458600 1.3545547 +0.0086870
Prev. Close Volume Bid Ask Time
1.3458679 2023-03-31 17:25:42
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