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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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, BRLCNY 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.
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MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been DOWN since Oct 3rd, 2023 at 1.4327931
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1.4197747
The short-term trend has been DOWN since Apr 10th, 2024 at 1.3982184
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3526733 | 1.3695003 | 1.3454577 | 1.3630148 | +0.0103420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3526733 | 2024-04-19 17:04:22 |