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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Bear Market Rally (-75) - JPYBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYBRL as it may be in the beginning 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.
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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 Mar 7th, 2024 at 0.03339451
The short-term trend has been DOWN since Apr 22nd, 2024 at 0.03353944
Smart Scan Analysis for JPYBRL
Based on our trend formula, JPYBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03314196 | 0.03334688 | 0.03307775 | 0.03315106 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03314196 | 2024-04-24 19:28:38 |