Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
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.
MarketClub’s Trade Triangles for BRLCNY
The long-term trend has been DOWN since Jul 1st, 2022 at 1.2687341
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1.3390733
The short-term trend has been DOWN since Jul 1st, 2022 at 1.2687341
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).