Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Japanese Yen/Brazilian Real (FOREX:JPYBRL)
Long-Term Downtrend (-90) - JPYBRL is in a strong downtrend that is likely to continue. While JPYBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 28th, 2021 at 0.04977017
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.04779615
The short-term trend has been DOWN since Oct 13th, 2021 at 0.04856884
Smart Scan Analysis for JPYBRL
Based on our trend formula, JPYBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).