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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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
0.7613224 0.7663084 0.7578819 0.7656431 +0.0043210
Entry Signal

MarketClub’s Trade Triangles for CNYBRL

long term up The long-term trend has been UP since Dec 14th, 2022 at 0.7661650

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.7625922

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 0.7589900

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
0.7613224 0.7663084 0.7578819 0.7656431 +0.0043210
Prev. Close Volume Bid Ask Time
0.7613224 2023-03-22 23:41:00
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