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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)

Bull Market Weakness (+75) - BRLCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLCNY as it may be in the beginning stages 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.

FOREX_BRLCNY
Open High Low BRLCNY Price Change
1.1759158 1.1825768 1.1722861 1.1798259 +0.0039100
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 1.1877568

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2022 at 1.1479829

short term up The short-term trend has been UP since Jan 26th, 2022 at 1.1658225

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
1.1759158 1.1825768 1.1722861 1.1798259 +0.0039100
Prev. Close Volume Bid Ask Time
1.1759158 2022-01-28 15:12:58
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