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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Swiss Franc/Brazilian Real (FOREX:CHFBRL)

Strong Uptrend (+100) - CHFBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFBRL 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 CHFBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFBRL
Open High Low CHFBRL Price Change
6.1214850 6.1214850 6.1186884 6.1186884 -0.0027970
Entry Signal

MarketClub’s Trade Triangles for CHFBRL

long term up The long-term trend has been UP since Apr 17th, 2024 at 5.8022269

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 5.7069168

short term up The short-term trend has been UP since May 22nd, 2024 at 5.6369991

Smart Scan Analysis for CHFBRL

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

+100
Smart Scan Analysis for CHFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1214850 6.1214850 6.1186884 6.1186884 -0.0027970
Prev. Close Volume Bid Ask Time
6.1214850 2024-06-21 03:19:51
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