Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)
Strong Downtrend (-100) - BRLCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been DOWN since Sep 28th, 2021 at 1.1877568
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.2089966
The short-term trend has been DOWN since Oct 18th, 2021 at 1.1647740
Smart Scan Analysis for BRLCNY
Based on our trend formula, BRLCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).