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.
MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been DOWN since Dec 14th, 2022 at 1.2944290
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 1.3107812
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).