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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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
20.710000 20.712000 20.323397 20.348816 -0.361184
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 down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 26.533000

short term down 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).

-100
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.710000 20.712000 20.323397 20.348816 -0.361184
Prev. Close Volume Bid Ask Time
20.710000 20.343016 20.354617 2020-04-01 12:37:03
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