Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

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
0.8566511 0.8580134 0.8452677 0.8486207 -0.0080300
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 up The intermediate-term trend has been UP since Sep 20th, 2021 at 0.8259517

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 0.8535388

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
0.8566511 0.8580134 0.8452677 0.8486207 -0.0080300
Prev. Close Volume Bid Ask Time
0.8566511 2021-10-15 17:19:11
Get a free daily analysis and signals for Chinese Yuan Renminbi/Brazilian Real (CNYBRL) - Request Your Free Report.