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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.

FOREX_BRLJPY
Open High Low BRLJPY Price Change
20.067 20.092 20.062 20.076 +0.009
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 up The intermediate-term trend has been UP since May 24th, 2020 at 19.531757

short term up 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).

+60
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.067 20.092 20.062 20.076 +0.009
Prev. Close Volume Bid Ask Time
20.067 20.071 20.081 2020-06-02 05:24:22
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