Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
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.
MarketClub’s Trade Triangles for CNYBRL
The long-term trend has been UP since Dec 14th, 2022 at 0.7661650
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.7625922
The short-term trend has been DOWN since Mar 27th, 2023 at 0.7578819
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).