Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Bear Market Rally (-75) - BRLJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLJPY as it may be in the beginning of a reversal.
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 Jan 2nd, 2019 at 28.053500
The intermediate-term trend has been UP since Jul 21st, 2020 at 20.505167
The short-term trend has been DOWN since Aug 3rd, 2020 at 20.176053
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).