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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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
19.392000 19.408000 19.360368 19.406000 +0.014000
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term down The long-term trend has been DOWN since Mar 2nd, 2021 at 18.901449

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2021 at 19.717000

short term up 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).

+70
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.392000 19.408000 19.360368 19.406000 +0.014000
Prev. Close Volume Bid Ask Time
19.392000 2021-04-22 08:08:22
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