Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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 Dec 4th, 2020 at 0.04931931
The intermediate-term trend has been UP since Dec 28th, 2020 at 0.05044321
The short-term trend has been UP since Feb 17th, 2021 at 0.05116763
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).