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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.

FOREX_BRLCNY
Open High Low BRLCNY Price Change
1.2702679 1.2739409 1.2361871 1.2398437 -0.0304240
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term up The long-term trend has been UP since May 6th, 2021 at 1.2151490

intermediate term down The intermediate-term trend has been DOWN since Jul 6th, 2021 at 1.2496718

short term down 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).

-70
Smart Scan Analysis for BRLCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2702679 1.2739409 1.2361871 1.2398437 -0.0304240
Prev. Close Volume Bid Ask Time
1.2702679 2021-07-30 17:05:57
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