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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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.

FOREX_CHFBRL
Open High Low CHFBRL Price Change
6.1356665 6.1356665 6.0881726 6.0969106 -0.0387560
Entry Signal

MarketClub’s Trade Triangles for CHFBRL

long term up The long-term trend has been UP since Apr 17th, 2024 at 5.8022269

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 5.7069168

short term up The short-term trend has been UP since May 22nd, 2024 at 5.6369991

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).

+90
Smart Scan Analysis for CHFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1356665 6.1356665 6.0881726 6.0969106 -0.0387560
Prev. Close Volume Bid Ask Time
6.1356665 2024-06-20 06:32:47
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