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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
29.619000 29.735000 29.474892 29.618000 -0.001000
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term up The long-term trend has been UP since Nov 3rd, 2023 at 30.509786

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 30.172814

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 30.346000

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).

-60
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.619000 29.735000 29.474892 29.618000 -0.001000
Prev. Close Volume Bid Ask Time
29.619000 2023-12-11 12:55:59
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