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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Swiss Franc/Brazilian Real (FOREX:CHFBRL)

Crossroads (-60) - CHFBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CHFBRL
Open High Low CHFBRL Price Change
6.0289916 6.0640146 6.0242557 6.0529674 +0.0239760
Entry Signal

MarketClub’s Trade Triangles for CHFBRL

long term up The long-term trend has been UP since Oct 6th, 2021 at 5.9641622

intermediate term down The intermediate-term trend has been DOWN since Jan 11th, 2022 at 6.0575461

short term down The short-term trend has been DOWN since Jan 7th, 2022 at 6.1555534

Smart Scan Analysis for CHFBRL

Based on our trend formula, CHFBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CHFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.0289916 6.0640146 6.0242557 6.0529674 +0.0239760
Prev. Close Volume Bid Ask Time
6.0289916 2022-01-18 07:37:28
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