Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Countertrend Up (+85) - CHFBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CHFBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFBRL
The long-term trend has been UP since Aug 15th, 2023 at 5.6877922
The intermediate-term trend has been UP since Nov 27th, 2023 at 5.5650008
The short-term trend has been DOWN since Dec 7th, 2023 at 5.5789180
Smart Scan Analysis for CHFBRL
Based on our trend formula, CHFBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).