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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Brazilian Real/Japanese Yen (FOREX:BRLJPY)

Sidelines Mode (-55) - BRLJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
29.728 29.954 29.728 29.903 +0.175
Entry Signal

MarketClub’s Trade Triangles for BRLJPY

long term up The long-term trend has been UP since Nov 3rd, 2023 at 30.509786

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 29.939000

short term up The short-term trend has been UP since Mar 19th, 2024 at 29.920000

Smart Scan Analysis for BRLJPY

Based on our trend formula, BRLJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.728 29.954 29.728 29.903 +0.175
Prev. Close Volume Bid Ask Time
29.728 2024-03-19 07:37:53
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