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Forex Trend Analysis Report
Prepared for you on Tuesday, April 30, 2024.
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 Apr 17th, 2024 at 5.8022269
The intermediate-term trend has been UP since Apr 15th, 2024 at 5.6447927
The short-term trend has been DOWN since Apr 22nd, 2024 at 5.6999948
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 |
|---|---|---|---|---|
| 5.6069879 | 5.6643221 | 5.6018047 | 5.6487725 | +0.0417850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6069879 | 2024-04-30 15:53:16 |