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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Strong Uptrend (+100) - BRLJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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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 UP since Apr 25th, 2024 at 30.338000
The short-term trend has been UP since Apr 22nd, 2024 at 29.816603
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.237000 | 30.528203 | 30.085000 | 30.515352 | +0.278352 |
| Prev. Close | Volume | Bid | Ask | Time |
| 30.237000 | 2024-04-26 08:50:31 |