Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Strong Uptrend (+100) - BRLJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jan 20th, 2022 at 21.170000
The intermediate-term trend has been UP since Aug 5th, 2022 at 26.137732
The short-term trend has been UP since Aug 16th, 2022 at 26.356000
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).