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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

Brazilian Real/Japanese Yen (FOREX:BRLJPY)

Long-Term Downtrend (-90) - BRLJPY is in a strong downtrend that is likely to continue. While BRLJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
19.843000 20.140000 19.821000 20.106168 +0.263168
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term down The long-term trend has been DOWN since Oct 21st, 2021 at 20.060386

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2021 at 20.176147

short term down The short-term trend has been DOWN since Nov 26th, 2021 at 20.296877

Smart Scan Analysis for BRLJPY

Based on our trend formula, BRLJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.843000 20.140000 19.821000 20.106168 +0.263168
Prev. Close Volume Bid Ask Time
19.843000 2021-12-02 12:03:47
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