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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)

Bull Market Weakness (+75) - CNYBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYBRL as it may be in the beginning stages of a reversal.

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
0.7244660 0.7296192 0.7228936 0.7296192 +0.0051530
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 down The intermediate-term trend has been DOWN since May 6th, 2024 at 0.7153053

short term up The short-term trend has been UP since May 22nd, 2024 at 0.7231171

Smart Scan Analysis for CNYBRL

Based on our trend formula, CNYBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7244660 0.7296192 0.7228936 0.7296192 +0.0051530
Prev. Close Volume Bid Ask Time
0.7297800 2024-05-28 23:26:36
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