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Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
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.
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MarketClub’s Trade Triangles for CHFBRL
The long-term trend has been UP since Mar 2nd, 2021 at 6.1942032
The intermediate-term trend has been UP since Dec 28th, 2020 at 5.8824127
The short-term trend has been DOWN since Mar 4th, 2021 at 6.0749063
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.1027767 | 6.1592932 | 6.0897248 | 6.1173393 | +0.0145630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.1027767 | 2021-03-05 17:01:01 |