Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Bull Market Weakness (+75) - BRLJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLJPY as it may be in the beginning stages of a reversal.
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 Mar 2nd, 2021 at 18.901449
The intermediate-term trend has been UP since Mar 14th, 2021 at 19.717000
The short-term trend has been UP since Apr 15th, 2021 at 19.422891
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).