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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)
Sidelines Mode (+55) - CNYBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Apr 14th, 2025 at 0.8711830
The intermediate-term trend has been DOWN since Apr 29th, 2025 at 0.7742929
The short-term trend has been UP since May 2nd, 2025 at 0.7839535
Smart Scan Analysis for CNYBRL
Based on our trend formula, CNYBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7953525 | 0.7967919 | 0.7833757 | 0.7839067 | -0.0114460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7953525 | 2025-05-08 23:49:04 |