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Forex Trend Analysis Report
Prepared for you on Thursday, January 30, 2025.
Brazilian Real/Chinese Yuan Renminbi (FOREX:BRLCNY)
Crossroads (+60) - BRLCNY 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 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 UP since Jan 7th, 2025 at 1.2084105
The short-term trend has been UP since Jan 28th, 2025 at 1.2348950
Smart Scan Analysis for BRLCNY
Based on our trend formula, BRLCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2245917 | 1.2245917 | 1.2235299 | 1.2236317 | -0.0009600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2245917 | 2025-01-30 00:59:34 |