Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Chinese Yuan Renminbi/Brazilian Real (FOREX:CNYBRL)
Countertrend Up (+85) - CNYBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Sep 28th, 2021 at 0.8364436
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.8259517
The short-term trend has been DOWN since Oct 15th, 2021 at 0.8535388
Smart Scan Analysis for CNYBRL
Based on our trend formula, CNYBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).