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Forex Trend Analysis Report

Prepared for you on Tuesday, April 13, 2021.

Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)

Long-Term Downtrend (-90) - BRLCNY is in a strong downtrend that is likely to continue. While BRLCNY 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 BRLCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLCNY
Open High Low BRLCNY Price Change
1.1426463 1.1510024 1.1388395 1.1476856 +0.0050390
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term down The long-term trend has been DOWN since Jan 20th, 2021 at 1.206697

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2021 at 1.206697

short term down The short-term trend has been DOWN since Apr 11th, 2021 at 1.152707

Smart Scan Analysis for BRLCNY

Based on our trend formula, BRLCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1426463 1.1510024 1.1388395 1.1476856 +0.0050390
Prev. Close Volume Bid Ask Time
1.1426463 2021-04-13 12:19:32
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