Forex Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Bear Market Rally (-75) - BRLJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLJPY as it may be in the beginning 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 Dec 14th, 2022 at 25.305000
The intermediate-term trend has been DOWN since Nov 10th, 2022 at 26.954000
The short-term trend has been DOWN since Jan 29th, 2023 at 25.327794
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).