Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Bull Market Weakness (+75) - JPYBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid JPYBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYBRL
The long-term trend has been DOWN since Nov 3rd, 2023 at 0.03277640
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.03314242
The short-term trend has been UP since Nov 27th, 2023 at 0.03292572
Smart Scan Analysis for JPYBRL
Based on our trend formula, JPYBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).