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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)

Weak Downtrend (-65) - CNYBRL is showing signs of a strengthening downtrend. Monitor CNYBRL as it may be building momentum to the downside.

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
0.8765060 0.8772632 0.8623072 0.8623072 -0.0141990
Entry Signal

MarketClub’s Trade Triangles for CNYBRL

long term up The long-term trend has been UP since Sep 28th, 2021 at 0.8364436

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2022 at 0.8725124

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 0.8667862

Smart Scan Analysis for CNYBRL

Based on our trend formula, CNYBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8765060 0.8772632 0.8623072 0.8623072 -0.0141990
Prev. Close Volume Bid Ask Time
0.8765060 2022-01-19 12:25:09
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