Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Brazilian Real/Japanese Yen (FOREX:BRLJPY)

Countertrend Down (-85) - BRLJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid ?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
25.555849 25.571000 25.340000 25.344000 -0.211849
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term down The long-term trend has been DOWN since Jan 2nd, 2019 at 28.053500

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 26.533000

short term up The short-term trend has been UP since Feb 14th, 2020 at 25.555003

Smart Scan Analysis for BRLJPY

Based on our trend formula, BRLJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.555849 25.571000 25.340000 25.344000 -0.211849
Prev. Close Volume Bid Ask Time
25.555849 25.336000 25.352000 2020-02-17 21:43:05
Get a free daily analysis and signals for Brazilian Real/Japanese Yen (BRLJPY) - Request Your Free Report.