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Forex Trend Analysis Report
Prepared for you on Thursday, February 6, 2025.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Crossroads (+60) - BRLJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BRLJPY
The long-term trend has been DOWN since Jun 10th, 2024 at 29.212000
The intermediate-term trend has been UP since Jan 6th, 2025 at 25.900382
The short-term trend has been UP since Jan 31st, 2025 at 26.597076
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26.245000 | 26.312000 | 26.188000 | 26.246304 | +0.001304 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26.245000 | 2025-02-06 06:57:12 |