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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Japanese Yen/Brazilian Real (FOREX:JPYBRL)

Countertrend Up (+85) - JPYBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_JPYBRL
Open High Low JPYBRL Price Change
0.03391692 0.03425431 0.03391152 0.03419729 +0.00028000
Entry Signal

MarketClub’s Trade Triangles for JPYBRL

long term up The long-term trend has been UP since Jun 4th, 2024 at 0.03422285

intermediate term up The intermediate-term trend has been UP since May 31st, 2024 at 0.03337222

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 0.03394184

Smart Scan Analysis for JPYBRL

Based on our trend formula, JPYBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for JPYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03391692 0.03425431 0.03391152 0.03419729 +0.00028000
Prev. Close Volume Bid Ask Time
0.03391692 2024-06-14 15:55:07
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