Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Crossroads (+60) - BRLJPY 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 BRLJPY?
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.
MarketClub’s Trade Triangles for BRLJPY
The long-term trend has been DOWN since Jan 2nd, 2019 at 28.053500
The intermediate-term trend has been UP since May 24th, 2020 at 19.531757
The short-term trend has been UP since May 17th, 2020 at 18.598000
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).