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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)

Weak Uptrend (+65) - CNYBRL is showing signs of weakening momentum to the upside. Monitor 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
0.7972494 0.7975086 0.7968665 0.7971721 -0.0000770
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 up The intermediate-term trend has been UP since Oct 11th, 2024 at 0.7943813

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.7975102

Smart Scan Analysis for CNYBRL

Based on our trend formula, CNYBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7972494 0.7975086 0.7968665 0.7971721 -0.0000770
Prev. Close Volume Bid Ask Time
0.7972494 2024-11-20 03:31:39
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