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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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
19.945000 20.041888 19.747835 19.981000 +0.036000
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term down The long-term trend has been DOWN since Jan 2nd, 2019 at 28.053500

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 20.505167

short term down 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).

-75
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.945000 20.041888 19.747835 19.981000 +0.036000
Prev. Close Volume Bid Ask Time
19.945000 19.976000 19.986000 2020-08-04 21:06:23
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