Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Swiss Franc/Brazilian Real (FOREX:CHFBRL)
Long-Term Uptrend (+90) - CHFBRL is in a strong uptrend that is likely to continue. While CHFBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Oct 6th, 2021 at 5.9641622
The intermediate-term trend has been UP since Sep 27th, 2021 at 5.8078864
The short-term trend has been UP since Oct 18th, 2021 at 5.9951407
Smart Scan Analysis for CHFBRL
Based on our trend formula, CHFBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).