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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)

Countertrend Up (+85) - CNYBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CNYBRL?

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

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

FOREX_CNYBRL
Open High Low CNYBRL Price Change
0.8308050 0.8342374 0.8208186 0.8259600 -0.0048450
Entry Signal

MarketClub’s Trade Triangles for CNYBRL

long term up The long-term trend has been UP since Oct 2nd, 2023 at 0.7052132

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2024 at 0.7943813

short term down The short-term trend has been DOWN since Dec 5th, 2024 at 0.8239275

Smart Scan Analysis for CNYBRL

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

+85
Smart Scan Analysis for CNYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8308050 0.8342374 0.8208186 0.8259600 -0.0048450
Prev. Close Volume Bid Ask Time
0.8308050 2024-12-05 13:16:33
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