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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Long-Term Downtrend (-90) - BRLJPY is in a strong downtrend that is likely to continue. While BRLJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 10th, 2024 at 29.212000
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 28.332663
The short-term trend has been DOWN since Jul 17th, 2024 at 28.854000
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 27.247000 | 27.517218 | 27.097000 | 27.183120 | -0.063880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27.247000 | 2024-07-26 17:04:20 |