Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
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.
MarketClub’s Trade Triangles for BRLJPY
The long-term trend has been UP since Nov 3rd, 2023 at 30.509786
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 30.172814
The short-term trend has been DOWN since Nov 27th, 2023 at 30.346000
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).