Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Weak Downtrend (-65) - BRLJPY is showing signs of a strengthening downtrend. Monitor BRLJPY as it may be building momentum to the downside.
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 DOWN since Oct 21st, 2021 at 20.060386
The intermediate-term trend has been DOWN since Oct 21st, 2021 at 20.115000
The short-term trend has been UP since Oct 25th, 2021 at 20.405000
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).