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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Sidelines Mode (-55) - JPYBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for JPYBRL
The long-term trend has been UP since Jun 4th, 2024 at 0.03422285
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.03713023
The short-term trend has been UP since Nov 15th, 2024 at 0.03756927
Smart Scan Analysis for JPYBRL
Based on our trend formula, JPYBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03724371 | 0.03724518 | 0.03706491 | 0.03710274 | -0.00014100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03724371 | 2024-11-20 03:37:11 |