Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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 Oct 2nd, 2023 at 0.7052132
The intermediate-term trend has been UP since Nov 27th, 2023 at 0.6924948
The short-term trend has been UP since Nov 30th, 2023 at 0.6937256
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).