Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
Brazilian Real/Swiss Franc (FOREX:BRLCHF)
Crossroads (+60) - BRLCHF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BRLCHF
The long-term trend has been DOWN since Aug 15th, 2023 at 0.1757000
The intermediate-term trend has been UP since Sep 13th, 2023 at 0.1823000
The short-term trend has been UP since Sep 21st, 2023 at 0.1853405
Smart Scan Analysis for BRLCHF
Based on our trend formula, BRLCHF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).