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.
MarketClub’s Trade Triangles for BRLJPY
The long-term trend has been UP since Dec 4th, 2020 at 20.273054
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 19.136477
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).