Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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.
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 Nov 27th, 2023 at 0.6924948
The short-term trend has been DOWN since Nov 28th, 2023 at 0.6885232
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).