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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Brazilian Real/Japanese Yen (FOREX:BRLJPY)
Strong Downtrend (-100) - BRLJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLJPY continues to fall. Traders should use caution and set stops.
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 DOWN since Jun 10th, 2024 at 29.212000
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 25.819000
The short-term trend has been DOWN since Dec 24th, 2024 at 25.323063
Smart Scan Analysis for BRLJPY
Based on our trend formula, BRLJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.360703 | 23.377182 | 23.328938 | 23.336620 | -0.024083 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.360703 | 2024-12-26 05:47:58 |