Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Strong Downtrend (-100) - BRLJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
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 DOWN since Jan 7th, 2020 at 26.533000
The short-term trend has been DOWN since Mar 27th, 2020 at 21.414715
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).