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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Sidelines Mode (+55) - CHFBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CHFBRL
The long-term trend has been UP since Apr 17th, 2024 at 5.8022269
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 6.4511300
The short-term trend has been UP since Nov 6th, 2024 at 6.7562840
Smart Scan Analysis for CHFBRL
Based on our trend formula, CHFBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.5357467 | 6.5375281 | 6.5260182 | 6.5316984 | -0.0040480 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.5357467 | 2024-11-20 03:37:11 |