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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.

FOREX_BRLCNY
Open High Low BRLCNY Price Change
1.1625341 1.1639351 1.1374411 1.1424459 -0.0200880
Entry Signal

MarketClub’s Trade Triangles for BRLCNY

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 1.1877568

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.2089966

short term down 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).

-100
Smart Scan Analysis for BRLCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1625341 1.1639351 1.1374411 1.1424459 -0.0200880
Prev. Close Volume Bid Ask Time
1.1625341 2021-10-19 20:18:29
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