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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Brazilian Real/Japanese Yen (FOREX:BRLJPY)

Countertrend Down (-85) - BRLJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
29.584 29.597 29.282 29.311 -0.273
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term down The long-term trend has been DOWN since Jun 10th, 2024 at 29.212

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2024 at 29.911

short term up The short-term trend has been UP since Jun 21st, 2024 at 29.404

Smart Scan Analysis for BRLJPY

Based on our trend formula, BRLJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.584 29.597 29.282 29.311 -0.273
Prev. Close Volume Bid Ask Time
29.584 2024-06-25 13:23:51
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