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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)
Bear Market Rally (-75) - BRLCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLCNY as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been DOWN since Oct 3rd, 2023 at 1.4327931
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1.4197747
The short-term trend has been UP since Apr 22nd, 2024 at 1.3695003
Smart Scan Analysis for BRLCNY
Based on our trend formula, BRLCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3726664 | 1.3874928 | 1.3686590 | 1.3859722 | +0.0133060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3726664 | 2024-04-23 14:09:37 |