Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)
Strong Uptrend (+100) - CNYBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jan 22nd, 2021 at 0.8340356
The intermediate-term trend has been UP since Jan 22nd, 2021 at 0.8340356
The short-term trend has been UP since Apr 9th, 2021 at 0.8648800
Smart Scan Analysis for CNYBRL
Based on our trend formula, CNYBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).