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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Brazilian Real/Japanese Yen (FOREX:BRLJPY)

Crossroads (+60) - BRLJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BRLJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
19.585 19.600 19.579 19.593 +0.008
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term up The long-term trend has been UP since Dec 4th, 2020 at 20.273054

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 19.136477

short term down The short-term trend has been DOWN since Feb 17th, 2021 at 19.535000

Smart Scan Analysis for BRLJPY

Based on our trend formula, BRLJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.585 19.600 19.579 19.593 +0.008
Prev. Close Volume Bid Ask Time
19.585 2021-02-25 02:08:59
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