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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)
Long-Term Uptrend (+90) - CNYBRL is in a strong uptrend that is likely to continue. While CNYBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CNYBRL
The long-term trend has been UP since Oct 2nd, 2023 at 0.7052132
The intermediate-term trend has been UP since Jul 25th, 2024 at 0.7841120
The short-term trend has been UP since Jul 18th, 2024 at 0.7630772
Smart Scan Analysis for CNYBRL
Based on our trend formula, CNYBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7788509 | 0.7818327 | 0.7755607 | 0.7800811 | +0.0012300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7788509 | 2024-07-26 20:14:04 |