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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
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.
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MarketClub’s Trade Triangles for BRLJPY
The long-term trend has been UP since Nov 3rd, 2023 at 30.509786
The intermediate-term trend has been UP since Apr 25th, 2024 at 30.338000
The short-term trend has been DOWN since May 1st, 2024 at 30.210000
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.934 | 30.213 | 29.897 | 30.170 | +0.236 |
| Prev. Close | Volume | Bid | Ask | Time |
| 30.037 | 2024-05-03 17:04:56 |