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Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)
Crossroads (-60) - CNYBRL 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 CNYBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYBRL.
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 CNYBRL
The long-term trend has been UP since Sep 28th, 2021 at 0.8364436
The intermediate-term trend has been DOWN since Jan 12th, 2022 at 0.8725124
The short-term trend has been DOWN since Jan 19th, 2022 at 0.8667862
Smart Scan Analysis for CNYBRL
Based on our trend formula, CNYBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8508236 | 0.8508236 | 0.8461859 | 0.8483516 | -0.0024720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8508236 | 2022-01-28 12:03:54 |