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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.

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FOREX_JPYBRL
Open High Low JPYBRL Price Change
0.04781014 0.04850877 0.04770629 0.04829595 +0.00048600
Entry Signal

MarketClub’s Trade Triangles for JPYBRL

long term down The long-term trend has been DOWN since Apr 28th, 2021 at 0.04977017

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.04779615

short term down 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).

-90
Smart Scan Analysis for JPYBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04781014 0.04850877 0.04770629 0.04829595 +0.00048600
Prev. Close Volume Bid Ask Time
0.04781014 2021-10-18 23:18:33
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